ETH fronted an extra rally around 14 January, despite signs of slowing momentum. The price action carved a rising channel in the same period.
On the 12-hour chart, ETH’s Relative Strength Index declined and was 52, showing a mild bullish momentum that was close to a neutral market structure. Similarly, the On-Balance Volume declined, undermining a strong uptrend momentum for the King of the altcoin market. However, a drop below $1,511 would invalidate the above bias. Such a plunge could see ETH settle at $1,471.ETH Profit Calculator
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