Ethereum Price Analysis Jan.28: ETH Is Facing The $100 Support (Again)
Since our last post, BTC hasn’t breached above the $3,500-$3,600 price level. And on the 3rd attempt, BTC just broke down and declined towards the $3,400 support level where it is currently trading.
This move was followed by the big Alts and caused ETH to lose 10% of its value.
The descending triangle formation that we discussed in our last analysis broke to the downside, and as we expected, ETH revisited the $100 mental support level.
At the moment, ETH is getting supported by the $100 price level, but if the BTC price keeps on falling, then the ETH chart is most likely to act the same.
Looking at the 4-hour ETH-USD chart
Looking at the 4-hour ETH-BTC chart
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