Market Overview for Ethereum/Eurite (ETHEURI)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Jan 16, 2026 7:03 am ET1min read
ETH
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Aime RobotAime Summary

- Ethereum/Eurite (ETHEURI) tested 2864.71 resistance repeatedly but failed to break above, forming a bearish engulfing pattern before dropping to 2841.21.

- Volume spiked during the breakdown to 2841.21 (13.7644 volume), confirming weak buyer participation despite a doji suggesting short-term indecision.

- RSI remained neutral while MACD showed bearish divergence; Fibonacci retracements at 61.8% and 38.2% levels failed to provide meaningful support.

- Key near-term support at 2830.06 and resistance at 2855.64 identified, with traders advised to monitor 2840.77 close breakout confirmation and volatility expansion.

Summary
• Price action showed a bearish reversal after testing resistance at 2864.71 and failed to break above.
• Volume spiked during the breakdown to 2841.21, confirming weak buyer participation.
• RSI remains in neutral territory, indicating no immediate overbought or oversold signals.

Ethereum/Eurite (ETHEURI) opened at 2856.62 on 2026-01-15 at 12:00 ET, reached a high of 2864.73, a low of 2822.39, and closed at 2840.77 on 2026-01-16 at 12:00 ET. Total volume was 138.8361, with notional turnover of approximately 393,579.55 EUR.

Structure & Formations


Price tested the 2864.71 resistance level multiple times over the 24-hour period, but failed to hold above it. A bearish engulfing pattern formed at 2864.71 during the 22:45 candle, followed by a breakdown to 2841.21 and subsequent consolidation. A doji formed near 2845.07 during the overnight hours, suggesting indecision and potential for a short-term reversal.

Moving Averages


The 20-period and 50-period moving averages on the 5-minute chart remained below the current price, indicating short-term bearish momentum. On the daily chart, the 50-day MA sits above the 200-day MA, suggesting a more bullish trend at the higher timeframe, though this is not yet reflected in the short-term action.

MACD & RSI


MACD showed a bearish crossover during the breakdown phase, with negative divergence in the histogram. RSI remained within neutral territory for most of the day, dipping slightly below 50 but not reaching oversold levels. This suggests that while there was downward pressure, extreme bearish conditions have not yet been triggered.

Bollinger Bands


Volatility expanded during the breakdown phase as price moved between the upper and lower bands. Price closed near the midline of the bands, indicating a potential consolidation phase ahead. A narrowing of the bands may precede a breakout in either direction.

Volume & Turnover


The highest volume spike occurred at 18:00 ET with a 5-minute candle showing 13.7644 in volume and a sharp decline from 2867.44 to 2841.21. This confirmed weakness in buyers. Turnover also spiked during this period, with notional turnover reaching ~39,243.71 EUR. Later in the day, volume declined significantly during the consolidation phase, which could signal reduced conviction in the trend.

Fibonacci Retracements


On the 5-minute chart, price retested the 61.8% Fibonacci level of the move from 2841.21 to 2864.71, but failed to bounce, suggesting bearish exhaustion. On the daily chart, the 38.2% retracement level at 2830.07 provided temporary support, but failed to hold under further bearish pressure.

In the next 24 hours, Ethereum/Eurite may find support near 2830.06 or face resistance at 2855.64 depending on the strength of buying interest. Traders should monitor for a potential break of the 2840.77 close with confirmation volume to assess the direction of the next move. Volatility may increase as the market tests key levels.