{"id":818881,"date":"2025-01-11T04:11:54","date_gmt":"2025-01-11T10:11:54","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/11\/ethereum-price-prediction-for-january-11\/"},"modified":"2025-01-11T04:11:54","modified_gmt":"2025-01-11T10:11:54","slug":"ethereum-price-prediction-for-january-11","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/11\/ethereum-price-prediction-for-january-11\/","title":{"rendered":"Ethereum Price Prediction For January 11"},"content":{"rendered":"<div role=\"main\" id=\"main-content-row\">\n<article id=\"the-post\" data-post-url=\"https:\/\/coinpedia.org\/news\/ethereum-price-prediction-for-january-11\/\" data-post-title=\"Ethereum Price Prediction For January 11\" data-post-edit=\"https:\/\/coinpedia.org\/wp-admin\/post.php?post=404424&#038;action=edit\">\n<div>\n<figure><img width=\"1200\" height=\"628\" src=\"https:\/\/image.coinpedia.org\/wp-content\/uploads\/2024\/12\/08135024\/Liquidity-Flows-Into-Ethereum-Pushing-the-Price-Towards-4000-A-New-ATH-is-Imminent-Before-The-End-of-2024.webp\" alt=\"eth price\" data-main-img=\"1\" decoding=\"async\" fetchpriority=\"high\"  ><\/figure>\n<\/div>\n<div>\n<p>Ethereum price has currently drifted into the red zone and the price is slightly trading above the $3200 levels. As of now, Ethereum has sold off by about 25%, and its current price is around $3,300, marking a 20% drop from its cycle high.\u00a0<\/p>\n<p>While confirmation is not yet complete, higher lows and lower highs <a href=\"https:\/\/www.youtube.com\/watch?v=_9Rp82j0t_Q&#038;pp=ygUZZXRoZXJldW0gcHJpY2UgcHJlZGljdGlvbg%3D%3D\">suggest a potential breakout in either direction. <\/a>The broader trend remains bullish, and the current price movement appears to be a correction within that larger uptrend.<\/p>\n<p>Bitcoin remains the dominant force in the market, holding 55% dominance. However, Bitcoin\u2019s dominance is starting to cool off, which is positive for Ethereum and altcoins.\u00a0<\/p>\n<p><strong>Resistance Level to Watch<\/strong><\/p>\n<p>Ethereum faces important resistance between $3,370 and $3,613. A breakout above this range would signal the end of the correction and could indicate the start of a new bullish trend.<\/p>\n<p><strong>Short-Term Bearish Scenarios<\/strong><\/p>\n<ul>\n<li><strong>Wave Structure:<\/strong> One possible bearish scenario is that Ethereum could be following a corrective wave pattern, with a potential five-wave decline forming. However, this would be a short-term bearish outlook. As long as Ethereum remains above $2,400, the overall uptrend could still continue.<\/li>\n<li><strong>Altcoins Impact:<\/strong> Many altcoins are showing signs of weakness, which could put additional pressure on Ethereum\u2019s price.<\/li>\n<\/ul>\n<p><strong>Triangle Pattern Potential<\/strong><\/p>\n<p>Ethereum may also be forming a triangle pattern. If this is the case, more sideways movement may occur before a breakout. A breakout above $3,613 would suggest the development of a bullish triangle pattern, potentially leading to a strong upward move.<\/p>\n<p><strong>Bullish Scenario<\/strong><\/p>\n<p>Ethereum might be in a \u201cone-two\u201d setup, with a potential bottom already established. If Ethereum breaks above $3,613, it would invalidate the bearish scenario and increase the likelihood of a bullish breakout.<\/p>\n<\/div>\n<div>\n<h2>We&#8217;d Love to Hear Your Thoughts on This Article!<\/h2>\n<div>\n<h4>Was this writing helpful?<\/h4>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/coinpedia.org\/news\/ethereum-price-prediction-for-january-11\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n \ufeffAnjali Belgaumkar<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price has currently drifted into the red zone and the price is slightly trading above the $3200 levels. As of now, Ethereum has sold off by about 25%, and its current price is around $3,300, marking a 20% drop from its cycle high.\u00a0 While confirmation is not yet complete, higher lows and lower highs<\/p>\n","protected":false},"author":1,"featured_media":818882,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25740,4759],"tags":[],"class_list":{"0":"post-818881","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ethereum","8":"category-price"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/818881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=818881"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/818881\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/818882"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=818881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=818881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=818881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}