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.
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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