Ethereum (ETH) Price Analysis for January 22
Analysis
Price Impact
MedEthereum has declined by 1.1% in 24 hours. while immediate sharp moves are unlikely, breaking local support at $2,935 or $2,888 could lead to further declines towards $2,900 or $2,800 respectively.
Trustworthiness
MedThe analysis is based on technical indicators and chart patterns provided by u.today, a known crypto news source. however, it's explicitly stated as the writer's opinion and not financial advice, warranting a medium trustworthiness.
Price Direction
BearishThe hourly and daily charts show eth near local support levels. a failure to bounce and a close below $2,888 are projected to trigger a decline to the $2,800 range. the midterm view also places eth in the middle of a channel, with current momentum suggesting a potential move towards the lower bound if sellers maintain control.
Time Effect
ShortThe analysis focuses on immediate price movements, with potential declines expected 'by tomorrow' or 'soon' if critical support levels are breached. the midterm view also suggests no sharp moves by 'the end of the month' but highlights the risk of hitting lower support within the channel.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Sellers are not going to give up easily, according to CoinStats . Advertisement ETH chart by CoinStats ETH/USD The rate of Ethereum (ETH) has declined by 1.1% over the last day. On the hourly chart, the price of ETH is near the local support at $2,935. As most of the daily ATR has passed, there are low chances of seeing sharp moves by tomorrow. You Might Also Like Thu, 01/22/2026 - 09:44 SHIB Price Analysis for January 22 By Denys Serhiichuk However, if a bounce back does not happen, the decline is likely to continue to the $2,900 zone. Image by TradingView On the longer time frame, the situation is rather bearish as the rate of the main altcoin has not bounced off far from the support after its false breakout. If the candle closes below the $2,888 level, traders may witness a test of the $2,800 range soon. Image by TradingView From the midterm point of view, the price of ETH is in the middle of the channel between the support at $2,624 and the resistance at $3,447. The volume keeps falling, which means traders are unlikely to see sharp moves by the end of the month. Ethereum is trading at $2,948 at press time. #Ethereum Price Prediction