Ethereum (ETH) Price Analysis for January 22 - U.Today

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UToday

2026-01-22 15:28:49

Sellers are not going to give up easily, according to CoinStats.

ETH chart by CoinStats## ETH/USD

The rate of Ethereum (ETH) has declined by 1.1% over the last day.

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 TradingViewFrom 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.

ETH0.2%

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