Market Overview for Ethereum Name Service/Tether (ENSUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Jan 2, 2026 5:51 pm ET2min read
ENS
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Aime RobotAime Summary

- ENSUSDT surged 5.6% to $10.14, breaking key resistance and forming bullish patterns like engulfing and morning star.

- RSI neared overbought levels while MACD turned positive, confirming strong buying momentum amid expanded volatility.

- Final 4.5 hours saw 13,000-unit volume spike and $126K turnover, validating the upward price shift.

- Fibonacci retests at $9.86 and $9.73 acted as dynamic support, with $10.20 as next resistance but overbought conditions posing pullback risks.

Summary
•

ENSUSDT
rallied from $9.60 to $10.14, forming a bullish breakout above key resistance.
• Momentum surged with RSI approaching overbought territory and MACD turning positive.
• Volatility expanded, with price reaching +5.6% from the 24-hour low, signaling heightened trader interest.
• Volume and turnover spiked in the final 4.5 hours, confirming the bullish shift in sentiment.
• Fibonacci levels at $9.86 and $9.73 showed strong retests, indicating possible short-term support.

Ethereum Name Service/Tether (ENSUSDT) opened at $9.60 on 2026-01-01 12:00 ET and closed at $10.14 at 12:00 ET the following day. The pair reached a high of $10.14 and a low of $9.60, with a total volume of 53,792.93 and a notional turnover of approximately $533,216.

Structure & Formations


The 24-hour candlestick pattern shows a strong bullish trend with a series of higher highs and higher lows. Key resistance levels were breached at $9.86 and $9.92, with a breakout above $10.00 confirming renewed buying pressure. A large bullish engulfing pattern formed around $9.78 to $10.00, while a morning star-like setup emerged near $9.73. No significant bearish reversal patterns were observed during the session.

Moving Averages


On the 5-minute chart, ENSUSDT closed above both the 20-period and 50-period moving averages, reinforcing the bullish momentum. For the daily chart, while the 50-period MA acts as a key support around $9.75–$9.78, the 100- and 200-period MAs remain below the current price, suggesting potential for further upside.

MACD & RSI


The MACD turned positive in the final 6 hours of the session, with the line crossing above the signal line and forming a strong bullish divergence. RSI climbed into overbought territory (75–80), suggesting a potential pullback could be imminent. However, the sustained move higher indicates strong conviction among buyers.

Bollinger Bands


Volatility expanded throughout the session, with Bollinger Bands widening in the afternoon and evening hours. Price traded above the upper band for several periods, particularly after 16:00 ET, reinforcing the strength of the bullish move.

Volume & Turnover


Volume spiked dramatically during the final 4.5 hours of the session, with over 13,000 units traded in the last hour. Notional turnover also surged, with a final hour volume of over $126,000. Price and turnover aligned well, indicating strong conviction in the upward move.

Fibonacci Retracements


Fibonacci levels from the $9.60–$10.14 swing showed strong retests at 61.8% ($9.86) and 38.2% ($9.73). These levels acted as dynamic support, with price bouncing off both during the session. The 78.6% retracement at $9.90 may now serve as a potential resistance on a pullback.

The forward-looking momentum appears to favor higher levels, with key resistance at $10.14 and $10.20. However, caution is warranted as overbought conditions may trigger a short-term consolidation or pullback. Investors should monitor volume and price reactions near $9.90 and $9.86 for signs of continuation or reversal.