ETCUSDT Market Overview: Ethereum Classic/Tether

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Saturday, Jan 10, 2026 12:37 pm ET2min read
ETC
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Aime RobotAime Summary

- ETCUSDT fell from $12.87 to $12.65 amid strong bearish momentum and widening Bollinger Bands signaling heightened volatility.

- Key support at $12.55 tested with mixed follow-through, while RSI below 30 indicates oversold conditions without bullish confirmation.

- Surging volume during the selloff confirmed bearish sentiment, with price closing below 20/50-period moving averages on 5-minute charts.

- Fibonacci retracements show 50% level at $12.65 as immediate resistance, with potential for consolidation below $12.72 unless buyers strengthen.

Summary
• Price declined from $12.87 to $12.65 on strong bearish momentum and expanding volatility.
• Key support around $12.55 tested with mixed follow-through; resistance holds near $12.66–$12.72.
• Volume spiked during the selloff, confirming bearish sentiment but lacking immediate reversal signs.
• RSI dipped below 30, signaling oversold conditions but without bullish confirmation.
• Bollinger Bands widened, suggesting increased market uncertainty and potential consolidation.

Ethereum Classic/Tether (ETCUSDT) opened at $12.82 on 2026-01-09 at 12:00 ET, hit a high of $12.87, and closed at $12.65 as of 12:00 ET on 2026-01-10. The pair fell to a low of $12.50 during the session. Total traded volume amounted to 90,439.16, with a notional turnover of $1,148,117.16.

Structure & Moving Averages


The price action showed a clear bearish bias over the past 24 hours, with a breakdown from key resistance at $12.77 to a low near $12.50. A bearish engulfing pattern emerged at the session high, followed by several bearish confirmation candles, notably at $12.60 and $12.55. On the 5-minute chart, the price closed below both the 20- and 50-period moving averages, reinforcing the downward trend.
The daily chart shows the price trading well below the 50, 100, and 200-day MAs, suggesting continued bearish pressure.

MACD & RSI



The 5-minute MACD crossed below the signal line during the mid-session selloff, confirming bearish momentum, while the RSI dropped into oversold territory below 30, indicating potential for a near-term bounce. However, no strong bullish reversal has emerged yet, and the MACD histogram has remained negative, pointing to continued selling pressure.

Bollinger Bands & Volatility


Bollinger Bands showed a significant widening after the price broke below key support levels, signaling increased volatility. The recent price action has been bouncing near the lower band, particularly between $12.50 and $12.55, suggesting a possible near-term floor. However, without a clear move back toward the mid-band, the pair remains in a consolidation phase.

Volume & Turnover


Volume surged during the mid-session decline, particularly between 17:45 and 18:45 ET, coinciding with the price drop to $12.60. Turnover increased in tandem, showing strong bearish conviction. However, volume during the rebound from $12.50 was weaker, suggesting limited buying interest and a higher likelihood of a continuation of the downtrend.

Fibonacci Retracements


On the 5-minute chart, the price has tested the 61.8% Fibonacci retracement level at $12.60 and is now hovering around the 50% level at $12.65. On the daily chart, the move from the high of $12.87 to the low of $12.50 aligns with a 50% retracement at $12.68, where buyers have attempted to step in. A break below $12.50 would extend the move toward the 61.8% level at $12.49.

The pair may find temporary support near $12.55–$12.58 but faces resistance at $12.66–$12.72. Traders should remain cautious of further downside, particularly if volume remains strong in the lower end of the range. A break above $12.72 could signal a potential recovery, but for now, bearish momentum appears to dominate.