Market Overview: Ethereum Classic/Tether 24-Hour Analysis

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Tuesday, Jan 6, 2026 12:49 pm ET1min read
ETC
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Aime RobotAime Summary

- Ethereum Classic/Tether (ETCUSDT) tested $13.20 resistance before a sharp 24-hour decline to $12.93, with volume surging during the $13.20–$13.55 rally but waning afterward.

- RSI signaled overbought conditions at $13.55, Bollinger Bands expanded during the rally, and a bearish engulfing pattern formed at the session high, indicating potential reversal.

- Fibonacci retracements at $13.39 (61.8%) and $13.31 (38.2%) acted as resistance, while price consolidated near $13.27, with $13.15–$13.05 support now critical for short-term direction.

- MACD turned negative and RSI showed exhaustion, confirming bearish momentum as volume and turnover aligned with the downward shift, raising risks of further declines below $13.05.

Summary
• Price tested key resistance at $13.20 before a sharp decline late in the session.
• Volume surged during the $13.20–$13.55 rally but waned during the pullback.
• RSI signaled overbought conditions near the top before the sell-off, hinting at exhaustion.
• Bollinger Bands expanded during the rally, indicating rising volatility.
• A bearish engulfing pattern formed at the session high, suggesting potential reversal.

Ethereum Classic/Tether (ETCUSDT) opened at $13.06 on 2026-01-05 12:00 ET, reached a high of $13.55, and closed at $13.20 on 2026-01-06 12:00 ET, with a low of $12.93. Total 24-hour volume was 190,313.97 ETHC, and notional turnover was $2,514,924.17.

Structure & Formations


Price action showed a clear $13.20–$13.30 resistance cluster that failed to hold during the sell-off. A bearish engulfing pattern emerged after reaching $13.55, signaling possible short-term reversal. Support appears to be forming near $13.15–$13.05, where the price stabilized multiple times during the session.

Moving Averages


On the 5-minute chart, price closed above the 20-period and 50-period moving averages but below the 50-period on the daily time frame. This mixed signal suggests that while short-term momentum is bullish, longer-term caution is warranted.

MACD & RSI


The MACD crossed into negative territory during the final hours, aligning with the downtrend. RSI peaked near overbought levels at $13.55, suggesting a lack of buying interest. These indicators indicate that momentum has shifted toward the bearish side.

Bollinger Bands


Bollinger Bands expanded during the rally, showing heightened volatility. Price closed just below the 5-minute upper band at the high but retracted sharply afterward, indicating potential topping behavior.

Volume & Turnover


Volume spiked during the $13.20–$13.55 rally, particularly around $13.41–$13.55, but declined as the price pulled back. Notional turnover mirrored the volume profile, offering confirmation of the bearish reversal.

Fibonacci Retracements


The $13.20–$13.55 rally saw a 61.8% retracement at $13.39 and a 38.2% at $13.31, both of which acted as minor resistance. The price now appears to be consolidating near the 50% level at $13.27, which could be a key level to watch for a potential bounce or breakdown.

Market participants may expect a test of the $13.15–$13.05 support zone in the coming 24 hours, with a break below $13.05 likely to accelerate the downtrend. Investors should remain cautious, as volatility remains high, and sharp corrections are possible if momentum continues to favor the bears.