Ethereum (ETH) Price Analysis for January 24
Analysis
Price Impact
MedEthereum shows a short-term bullish attempt, testing local resistance, but a larger timeframe indicates consolidation or potential bearish continuation if support fails to hold, preventing a significant immediate price surge.
Trustworthiness
MedAnalysis is based on technical indicators and chart patterns, but disclaimers highlight the speculative nature of price predictions in volatile markets.
Price Direction
NeutralWhile there's a short-term push towards $2,970-$2,990 resistance, the larger timeframe suggests consolidation within $2,900-$3,000. a failure to hold current prices could lead to a decline to $2,624 in the midterm, indicating an overall neutral to cautiously bearish outlook.
Time Effect
ShortThe immediate focus is on testing resistance tomorrow, with potential consolidation mentioned for the near term, though a longer-term bearish scenario is also considered for next month.
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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 Most of the coins are trying to return to the bullish zone, according to CoinStats . Advertisement ETH chart by CoinStats ETH/USD The rate of Ethereum (ETH) has gone up by 2% over the last day. Image by TradingView On the hourly chart, the price of ETH is on the way to the local resistance at $2,970 after a false breakout of the support. You Might Also Like Fri, 01/23/2026 - 16:21 Bitcoin (BTC) Price Analysis for January 23 By Denys Serhiichuk If bulls' pressure continues, traders may witness a test of the $2,980-$2,990 range tomorrow. Image by TradingView On the bigger time frame, the rate of the main altcoin is within yesterday's candle, which means neither bulls nor bears are dominating. In this regard, consolidation in the narrow range of $2,900-$3,000 is the more likely scenario. Image by TradingView From the midterm point of view, bulls have failed to maintain the rise after the previous bullish bar closure. If the candle closes around the current prices or below, the decline is likely to continue to the support at $2,624 next month. Ethereum is trading at $2,963 at press time. #Ethereum Price Prediction