Market Overview for Ethereum Classic/Tether (ETCUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Thursday, Jan 1, 2026 12:39 pm ET2min read
ETC
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Aime RobotAime Summary

- Ethereum Classic/Tether (ETCUSDT) surged 6.2% to $12.00, breaking key resistance at $11.56 with 210% volume spike confirming bullish momentum.

- RSI entered overbought territory (>70) and Bollinger Bands widened as price exceeded upper band, signaling strong directional energy.

- Price now above all daily MAs with 61.8% Fibonacci retracement at $11.90 acting as critical consolidation zone ahead of potential $12.00 retest.

- Cautious outlook advised as MACD remains bullish but overbought RSI suggests possible pullback to 55-60 level before further gains are validated.

Summary
• Price rallied from $11.31 to $12.00, forming bullish breakout and continuation patterns.
• Volume surged 210% in final 5-hour window, confirming strength in upward thrust.
• RSI reached overbought territory, suggesting potential pullback or consolidation ahead.
• Bollinger Bands widened sharply as price moved beyond upper band.
• 50-period MA provided dynamic support, while 200-period MA now lags below current price.

Ethereum Classic/Tether (ETCUSDT) opened at $11.31 on December 31 at 12:00 ET and closed at $11.91 on January 1 at 12:00 ET, hitting a high of $12.00 and a low of $11.31 over 24 hours. Total volume traded was 90,684.64 with notional turnover reaching $1,036,815.42.

Structure & Formations


Price formed a strong bullish continuation pattern after breaking above the key resistance at $11.56, with a subsequent recovery from a failed bearish reversal at $11.31–11.36. A bullish engulfing pattern emerged at $11.54–11.57, confirming the breakout. A shaven-bottom candle at $11.42–11.36 indicated short-term capitulation. Fibonacci retracements show current price near 61.8% of the $11.31–12.00 move, a key consolidation zone.

Moving Averages


On the 5-minute chart, the 20-period MA acted as a strong support and price stayed above the 50-period MA throughout the session. The daily 50-period MA is lagging well below current price, while the 200-period MA at around $11.25 may offer long-term support if the rally stalls. Price is now above all three daily MAs, indicating a strong bullish bias.

MACD & RSI


The MACD crossed above the signal line in early trading and maintained positive momentum, suggesting bullish momentum is intact. However, RSI peaked above 70 during the final hours, signaling overbought conditions. A pullback to RSI 55–60 may be needed before further upside is confirmed.

Bollinger Bands


Volatility expanded significantly as price moved above the upper Bollinger Band during the final hours of the session. This expansion suggests strong directional momentum. The middle band at $11.50 acted as a pivot point, with price bouncing off it multiple times during the rally.

Volume & Turnover


Volume increased sharply in the final 5 hours, especially during the push to $12.00, confirming strength in the move. Notional turnover also spiked during this period, aligning with price action. No significant divergence was observed between volume and price, suggesting the rally was broadly supported.

Fibonacci Retracements

Price reached the 61.8% level of the $11.31–12.00 swing, which historically acts as a key consolidation area. On the 5-minute chart, the $11.55–11.61 range represents a critical 38.2% retracement level that may serve as support in the near term.

Ethereum Classic/Tether appears to have broken out of a tight range with strong volume and momentum confirmation. The market may consolidate near current levels before testing $12.00 again. However, a drop below $11.55 could trigger a retest of key support at $11.42–11.48. Investors should remain cautious and monitor for divergences in the next 24 hours.