{"id":20156,"date":"2023-01-24T06:07:26","date_gmt":"2023-01-24T06:07:26","guid":{"rendered":"https:\/\/zebpay.com\/au\/?p=20156"},"modified":"2023-01-24T06:07:27","modified_gmt":"2023-01-24T06:07:27","slug":"ethereum-technical-analysis-report-24th-january-2023","status":"publish","type":"post","link":"https:\/\/zebpay.com\/au\/blog\/ethereum-technical-analysis-report-24th-january-2023","title":{"rendered":"Ethereum Technical Analysis Report | 24th-January-2023"},"content":{"rendered":"\n

ETH is facing rejection at $1,680, but a positive sign is that the bulls have not given way to the bears. This suggests that short-term traders are holding their positions as they anticipate the upside to continue. The second largest asset has been up by a marginal percentage of 0.4, while the global volume has risen by almost 16% to be around $8.31 Billion. Ethereum developers created a \u2018shadow fork\u2019 to test conditions for Ether withdrawals with developers attempting to attack the forked testnet with malicious nodes to see if they can find vulnerabilities.<\/p>\n\n\n\n

At the time of writing, ETH<\/a> was trading at $1,637.<\/p>\n\n\n

\n
\"Ethereum
Ethereum (ETH) Chart<\/figcaption><\/figure><\/div>\n\n\n

The upsloping 20-day EMA ($1,483) and the RSI in the overbought territory suggest that the path of least resistance is up. A breakout and a close above $1,680 could start the journey to $1,800. This level may act as resistance again, but if the bulls do not allow the price to drop below $1,680 on the next pullback, the likelihood of a rally to $2,000 increases. This positive view could be invalidated in the short term if the price turns down from the current level and falls below the 20-day EMA. The ETH\/USDT pair could stay in a range between $1,352 and $1,680 for some time.
<\/p>\n\n\n\n

  Support 2<\/strong><\/td>Support 1<\/strong><\/td>Asset<\/strong><\/td>Resistance 1<\/strong><\/td>Resistance 2<\/strong><\/td><\/tr>
$1,535<\/td>$1,600<\/td>ETH<\/strong><\/td>$1,675<\/td>$1,700<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

ETH is facing rejection at $1,680, but a positive sign is that the bulls have not given way to the bears. This suggests that short-term traders are holding their positions as they anticipate the upside to continue. The second largest asset has been up by a marginal percentage of 0.4, while the global volume has […]<\/p>\n","protected":false},"author":1,"featured_media":20155,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[26],"tags":[],"class_list":["post-20156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis"],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/posts\/20156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/comments?post=20156"}],"version-history":[{"count":1,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/posts\/20156\/revisions"}],"predecessor-version":[{"id":20157,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/posts\/20156\/revisions\/20157"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/media\/20155"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/media?parent=20156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/categories?post=20156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/tags?post=20156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}