News View Non-AMP

Ethereum Price Prediction For January 13

Published by
Anjali Belgaumkar

Ethereum’s price is following the expected downtrend, with the market showing a consistent decline after breaking below the key trendline. This confirms that the correction is in motion and could continue unless support levels hold. ETH is currently down by more than six percent and is trading slightly above the $3000 levels.

Ethereum’s Downtrend: Testing Key Support Areas

Currently, Ethereum is experiencing a pullback in what appears to be part of a larger ongoing uptrend. As the price moves deeper into the support zone, it may present buying opportunities. However, this could be the final chance for bulls to regain momentum before further downside pressure takes hold.

If Ethereum’s price fails to hold at key support levels, further downside is expected, and altcoins are likely to follow Ethereum’s lead.

Critical Support Levels to Watch

Ethereum’s price is under pressure, with a key resistance level at $3,613. If the price remains below this mark, further declines are likely. The next critical support levels to watch are around $2,920 and $2,840. These Fibonacci support areas could provide potential reversal points, but unless the price shows clear signs of an upward shift, the downtrend is likely to continue.

Potential Early Reversal at Fibonacci Support

There is a possibility that Ethereum’s correction could end earlier than expected. The Fibonacci extension at $2,840 is seen as a potential point for the correction to complete. However, if the downtrend lacks strong momentum or appears choppy, it may mean that the correction will finish sooner than anticipated. An early turnaround would be positive for altcoins, potentially leading to quicker recovery.

Market Behavior to Watch in the Coming Sessions

Over the next few days, the price action will reveal whether the current downtrend remains strong or if momentum begins to wane. If Ethereum’s price shows signs of weakening, it could signal that the correction is nearing its end, potentially allowing for a rebound. Altcoins would likely follow suit in this scenario.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Rare $10M Casascius Bitcoin Bar Cracked Open After 13 Years, But Owner Loses It In Minutes

In one of the most gripping Bitcoin redemption stories to surface in years, a long-time…

July 2, 2025

Celsius Wins Key Round in $4 Billion Lawsuit Against Tether

Celsius Network just got the green light to take Tether to court over one of…

July 2, 2025

Bitcoin Cash Price Prediction 2025, 2026 – 2030: Will BCH Hit $1000?

Story Highlights The live price of Bitcoin Cash is Price predictions for 2025 range from…

July 2, 2025

ChatGPT Bitcoin Price Prediction for July 2025

As of July 2, 2025, Bitcoin is trading at $107,024.96, showing modest gains of 0.11%…

July 2, 2025

$2.4B in Crypto Stolen This Year: FATF Demands Tougher Global Crypto Rules

On June 26, the Financial Action Task Force (FATF) released updated guidelines that call for…

July 2, 2025

Crypto Regulations In Indonesia 2025

In 2025, Indonesia made a big shift in its crypto regulatory framework oversight as it…

July 2, 2025