Market Overview for Ethereum Classic/Tether (ETCUSDT)

Summary
• Price surged to $13.49 before consolidating near $13.12, forming a bearish engulfing pattern.
• RSI indicates overbought levels earlier, now showing potential exhaustion in bullish momentum.
• Bollinger Bands show a recent contraction, hinting at a potential breakout or increased volatility.
• Volume spiked during the mid-day rally but declined toward the close, suggesting fading conviction.
• Turnover diverged from price near the session’s high, signaling possible short-term distribution.

Ethereum Classic/Tether (ETCUSDT) opened at $13.10 on 2026-01-13 at 12:00 ET, reached a high of $13.49, and closed at $13.12 as of 2026-01-14 at 12:00 ET. The pair traded within a $13.00–$13.49 range, with a total volume of 344,311.41 and notional turnover of $4.54 million over the 24-hour period.

The price action featured a sharp rally driven by strong volume in the early afternoon, with a bearish reversal forming in the late session. A bearish engulfing pattern emerged near the $13.28–$13.36 zone, indicating potential exhaustion in the bullish thrust. RSI briefly entered overbought territory at 72 before retreating, signaling weakening momentum.

Bollinger Bands tightened around mid-session as price tested the lower band, suggesting potential for a breakout. The 50-period moving average on the 5-minute chart crossed below the 20-period line, hinting at short-term bearish bias.

Fibonacci retracements from the recent swing high ($13.49) suggest key support levels near $13.30 and $13.18. Volume declined notably after the initial surge, with turnover diverging from price, suggesting possible profit-taking.

Looking ahead, a break below $13.10 could trigger a test of the next support at $13.05, with a 24-hour watch on $13.00 as a critical level. Investors should remain cautious as volatility could expand further with any breakout from the current consolidation.