Ethereum Price Analysis: 31 January

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice
The second-largest cryptocurrency, Ethereum [ETH] has remained unimpacted by Bitcoin’s volatility over the past couple of days. The value of the digital asset has managed to stay above the $1,322 support and was currently trading at $1,340.
Ethereum 6-hour chart
Source: ETHUSD on TradingView
The above chart of Ether indicated that it has been consolidating between $1,322 and $1,396 in the short-term. The price witnessed a push to $1,451 when Bitcoin surged