ETH-4h. Below $ 1270, the correction will begin.

20 янв. 2021 г.

The buyers initiative, which began on January 11, is beginning to weaken. The price of ETH slowed down before updating the historical high. This is strange, because BTC is in consolidation and does not take attention.

On January 19, buyers managed to update the local high. however, relative to the previous high is only 7% higher. The price stopped for 2 dollars to the historical high of 2018.

The new wave of growth looks rather weak and the breakdown of the mark of $1270 will begin to correct the price of ETH. Having settled below this mark, we expect the price to continue falling to the range of $980-1000.

Interestingly, ETH trading volumes are currently larger than BTC volumes. By reducing BTC's dominance by at least 10%, ETH could feel like the king of the crypto market.

It is possible to buy a coin with confidence only after fixing over the range of $1340-1390. It is the loss of this range in 2018 and was the beginning of a global correction of the ETH market.
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