Ethereum Price Analysis 18th January, 2021; Are we ready for the historical peak?

Ethereum Price Analysis 18th January : In the last few days, cryptocurrency market fluctuations have increased. Meanwhile, one Ethereum analyst believes that by turning the 1,250 area into a support, the historic peak of Ethereum prices is likely to be broken.

In the past few days, we have witnessed many ups and downs in the Cryptocurrencies market. Ethereum is no exception.

In the Ethereum chart, in the $ 1,200 area, we see high selling pressure and we are likely to see price declines in the short term.

Ethereum is currently priced at $ 1,220. In recent days, Ethereum has been trading mainly in the same price range. The Cryptocurrency tried to cross the $ 1,300 a few days ago, but the selling pressure in this range was large enough to prevent it from breaking the $ 1,300.

The future of Ethereum largely depends on the performance of market buyers. If they can provide strong support in the range of $ 1,200 to $ 1,230, there is a possibility of further increase. It should not be forgotten that the opposite is also possible.

A Twitter analyst wrote in a recent tweet that he is closely monitoring the Ethereum situation around 1,250 to see if $ 1,250 becomes a support.

He pointed out that if this range is broken, there is a possibility of another rise to record a new historical peak, he added:

My predictions are now for smaller timeframes and jumps in this area. The best risk-reward ratio is when 1,250 becomes support. Keep an eye on the price staying above 1,170.

He believes buyers should support the $ 1,170 area.

The price of Ethereum is currently in the significant range. The cryptocurrency response to key points on the chart will have a decisive impact on future volatility in the medium term.

Ethereum price analysis; Are we ready for the historical peak?