{"id":31138,"date":"2025-01-21T11:02:10","date_gmt":"2025-01-21T11:02:10","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=31138"},"modified":"2025-01-21T11:02:11","modified_gmt":"2025-01-21T11:02:11","slug":"ethereum-technical-analysis-report-21st-january-2025","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/ethereum-technical-analysis-report-21st-january-2025","title":{"rendered":"Ethereum Technical Analysis Report | 21st January 2025\u00a0\u00a0"},"content":{"rendered":"\n

Ether bulls are actively defending the neckline of the head-and-shoulders pattern but are facing resistance near the 50-day SMA ($3,527). The downward-sloping 20-day EMA ($3,371) and the RSI (45.37), hovering around the midpoint, indicate that bears have a slight edge. For buyers to signal a reduction in selling pressure, they must push and maintain the price above the 50-day SMA. Between January 14th and 21st, the asset briefly attempted to surpass the 20-day SMA but ultimately corrected lower. <\/p>\n\n\n\n

At the time of writing, ETH<\/a> was trading at $3,256.8.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Weekly Analysis<\/strong><\/p>\n\n\n\n

Ether experienced a sharp correction after reaching a recent high of $4,107, failing to sustain and close above the $4k mark. The price corrected by nearly 29%, reaching a weekly low of $2,920. The longer lower shadow around the key support level of $3,000 suggests buying interest at these levels. If the asset holds and sustains above the $3,000 mark, bulls may look to resume the upward movement. A stronger rally would be supported by the asset surpassing the 50-day moving average, with higher RSI levels confirming that bulls are in control.<\/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>
$2,850<\/td>$3,000<\/td>ETH<\/strong><\/td>$3,500<\/td>$3,750<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

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Ether bulls are actively defending the neckline of the head-and-shoulders pattern but are facing resistance near the 50-day SMA ($3,527). The downward-sloping 20-day EMA ($3,371) and the RSI (45.37), hovering around the midpoint, indicate that bears have a slight edge. For buyers to signal a reduction in selling pressure, they must push and maintain the […]<\/p>\n","protected":false},"author":1,"featured_media":30266,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[26],"tags":[16,311],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/31138"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=31138"}],"version-history":[{"count":1,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/31138\/revisions"}],"predecessor-version":[{"id":31141,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/31138\/revisions\/31141"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/30266"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=31138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=31138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=31138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}