Market Overview for Ethereum Classic/Tether (ETCUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Sunday, Jan 11, 2026 12:40 pm ET1min read
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Aime RobotAime Summary

- Ethereum Classic/Tether (ETCUSDT) dropped to 12.40 amid a sharp selloff and bearish engulfing pattern at 16:45 ET.

- Volume spiked to 7,857.85 units during the 16:45–17:00 ET selloff, confirming aggressive bearish participation.

- RSI indicated oversold conditions near 12.40, but mixed momentum and expanded Bollinger Bands signaled heightened volatility.

- Key support at 12.49–12.51 faces testing, with Fibonacci levels suggesting potential for further decline toward 12.40.

Summary
• Price consolidated between 12.53 and 12.68 with bearish pressure late in the session.
• Volume surged during 16:45–17:00 ET as price dropped sharply to 12.45.
• RSI suggests moderate oversold conditions near 12.40, but momentum remains mixed.
• Bollinger Bands expanded late session, signaling increased volatility.
• A 5-minute bearish engulfing pattern emerged at 16:45 ET after a sharp selloff.

Market Overview


Ethereum Classic/Tether (ETCUSDT) opened at 12.62 on 2026-01-10 at 12:00 ET and closed at 12.52 by 12:00 ET on 2026-01-11. The pair reached a high of 12.68 and a low of 12.40 during the 24-hour window. Total volume traded was 75,164.14 units with a notional turnover of 932,790.85 USD.

Structure & Key Levels


The price formed a bearish consolidation pattern between 12.53 and 12.68 over the first half of the day, with a breakdown confirmed late in the session.
A 5-minute bearish engulfing pattern at 16:45 ET confirmed the short-term bearish shift. The 12.55–12.57 range acted as a short-term support, but this was later broken. A key resistance at 12.63 failed to hold, suggesting further testing of 12.49–12.51 for potential reversal.

Moving Averages and Momentum


Short-term moving averages (20/50) on the 5-minute chart indicate a bearish crossover late in the session, aligning with the breakdown in price. The 50-period line crossed below the 20-period line around 16:00–16:30 ET. Daily moving averages are not fully provided, but given the 24-hour move, a bearish bias appears to have taken hold.

MACD crossed into negative territory during the late session, confirming bearish momentum. RSI dropped below 30 near 12.40, hinting at oversold conditions, but buyers appear hesitant.

Volatility and Bollinger Bands


Bollinger Bands expanded during the selloff between 15:45 and 16:45 ET, indicating rising volatility. Price action briefly fell below the lower band during this time, suggesting aggressive bearish participation. The bands have since contracted, signaling a potential pause or consolidation ahead.

Volume and Turnover


Volume spiked sharply during the 16:45–17:00 ET period as the price dropped to 12.45. This was the highest 5-minute volume spike at 7,857.85 units. Turnover also surged during this time, indicating a significant liquidation event.

Fibonacci Retracements


Applying Fibonacci levels to the 12.40–12.68 swing, 12.52 sits near the 23.6% retracement, suggesting limited immediate support. A break below 12.49 could target the 38.2% level at 12.45–12.46, followed by a key psychological level at 12.40.

Looking ahead, the market may test 12.40 as a critical support level, with the potential for a bounce or further breakdown depending on buying interest. Investors should remain cautious, as high volatility and mixed momentum indicators suggest uncertain near-term direction.