Ethereum Price Analysis: 23 January

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice
Ethereum’s price registered a new ATH on the charts recently. However, despite corrections setting in and its high correlation with Bitcoin, ETH managed to keep its losses to a minimum over the past few days.
Interestingly, over the past week, Ethereum has also seen its price consolidate and trade sideways as it stuck to the narrow confines of its immediate resistance and support. However, in the coming week, is the coin likely to endure a bigger price correction?