Market Overview for Ethereum Classic/Tether (ETCUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byRodder Shi
Saturday, Jan 17, 2026 12:39 pm ET1min read
ETC
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Aime RobotAime Summary

- Ethereum Classic/Tether (ETCUSDT) surged to $13.19 from $12.38, closing near $13.01 with 158,562.59 volume.

- Bullish breakout above $12.98 resistance confirmed by engulfing pattern, with RSI near overbought 78-82.

- Expanding Bollinger Bands and strong volume during rallies signal heightened volatility and buying pressure.

- 61.8% Fibonacci retracement at $12.86 rejected, with $12.97 now key support ahead of potential $13.19 retest.

Summary
• Price surged from $12.38 to $13.19 before consolidating near $13.01.
• Momentum accelerated mid-day with a bullish breakout above prior highs.
• Volume spiked during key moves, aligning with price strength and trend confirmation.
• RSI approached overbought territory, indicating possible short-term pullback risk.
• Bollinger Bands expanded with increased volatility, signaling active trading pressure.

Ethereum Classic/Tether (ETCUSDT) opened at $12.38 and surged to a 24-hour high of $13.19 before closing at $13.01. Total volume reached 158,562.59 and turnover hit $2,047,466.85.

Structure & Formations


Price displayed a strong bullish bias on the 5-minute chart, with a key breakout above the descending resistance at $12.98, followed by a confirmed rally to $13.19. A bullish engulfing pattern at $12.88 marked the turning point. A small bearish doji appeared near $13.01, hinting at possible near-term consolidation.

Moving Averages

The 20-period and 50-period SMAs on the 5-minute chart were rapidly overtaken as price surged higher, reinforcing the bullish bias. While the daily 50/100/200 SMA alignment was not available, intraday momentum suggests a continuation above key short-term moving averages.

MACD & RSI


MACD crossed above the zero line with expanding histogram bars, confirming bullish momentum. RSI surged toward overbought territory (78–82), suggesting a potential pause or correction could occur in the near term.

Bollinger Bands


Bollinger Bands expanded significantly during the breakout, with price reaching the upper band near $13.19. This indicates rising volatility and active buying pressure. Price may test the upper band again if bullish sentiment persists.

Volume & Turnover


Volume spiked during the breakout and subsequent rally, with several 5-minute intervals exceeding 11,000 volume units. Turnover aligned closely with volume surges, confirming strong conviction in the upward move. No notable divergence appeared between price and turnover, supporting trend continuation.

Fibonacci Retracements

The move from $12.38 to $13.19 created a key 5-minute retracement level at 61.8% ($12.86), which was retested but rejected. The 38.2% retracement level at $12.97 is now a potential support area as price pulls back.

Ethereum Classic/Tether may consolidate near $13.01 ahead of a potential test of $13.19 or a pullback toward $12.97. Investors should watch for volume confirmation on any near-term breakouts or breakdowns to assess trend strength.