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The prices of some coins are rising, while others are staying in the red zone, according to CoinStats.
ETH/USD
The rate of Ethereum (ETH) has declined by 1.165% since yesterday.
On the hourly chart, the price of ETH is rising after a bounce back from the local support of $2,503. If buyers can hold the initiative, there is a chance to see a test of the resistance by tomorrow.
On the bigger time frame, bears remain more powerful than bulls. If the rate does not come back to the $2,600 zone soon, there is a possibility of seeing an ongoing decline to $2,400.
From the midterm point of view, ETH still has a chance to keep rising, as the price is above the $2,447 level.
However, if buyers lose it, the correction may lead to a test of the $2,300-$2,400 zone by the end of the week.
Ethereum is trading at $2,527 at press time.
Source: https://u.today/ethereum-eth-price-analysis-for-january-18