Ethereum ($ETH) Market Dynamics

15. Jan.

Overall, Ethereum's market dynamics reflect the situation with BTC. Ethereum recently underwent a minor correction and is currently trading near the support zone of $2,465–$2,514, where a buyer response can be expected soon.

For the continuation of the upward movement, ETH needs to break through the seller's zone of $2,581–$2,646 and test the high at $2,715. In such a scenario, an update of the yearly high becomes increasingly likely.

In the event of a correction, the next buyer zone to be tested is $2,382–$2,436. Below that lies the support level of $2,344, which could also be reached.