Market Overview for Ethereum Name Service/Tether (ENSUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Jan 16, 2026 5:58 pm ET1min read
ENS
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Aime RobotAime Summary

- ENSUSDT fell to $10.07 amid rising volume (80,984.45) and bearish reversal patterns on 2026-01-16.

- Price broke below $10.23 support and Bollinger Bands, with RSI hitting oversold 28, signaling potential short-term bounce.

- Late-session volume spikes ($82,323.11 trade) confirmed bearish conviction as volatility expanded to 0.13 band width.

- 61.8% Fibonacci retracement at $10.10 remains key level; sustained bearish momentum could target $10.00 if volume persists.

Summary
• Price declined on rising volume, forming bearish reversal patterns.
• RSI entered oversold territory, indicating potential short-term rebound.
• Volatility expanded, with price breaking below key Bollinger Band support.
• Turnover increased late in the session, signaling heightened bearish conviction.

Ethereum Name Service/Tether (ENSUSDT) opened at $10.47 on 2026-01-15 12:00 ET, reached a high of $10.53, a low of $9.98, and closed at $10.07 by 12:00 ET on 2026-01-16. Total volume was 80,984.45, with a notional turnover of $823,880.51.

Structure & Formations


The 24-hour chart displayed a strong bearish bias, with multiple engulfing patterns and a long lower shadow in the final hours. Price action broke below key support at $10.23, with a potential test of $10.10 expected. A bearish hammer near the session high suggested a rejection of higher prices.

Moving Averages


On the 5-minute chart, price closed below both the 20-EMA ($10.48) and 50-EMA ($10.50), reinforcing the downtrend. Daily MAs (50, 100, 200) are not visible, but the short-term momentum clearly shifted bearish.

MACD & RSI


MACD showed a bearish crossover with a declining histogram, confirming the downtrend. RSI hit oversold levels near 28, suggesting a potential short-term bounce but not a reversal. Momentum remains in a bearish channel with no immediate signs of exhaustion.

Bollinger Bands


Volatility expanded late in the session, pushing price below the lower Bollinger Band for the first time in 24 hours. The 20-period band width rose from 0.05 to 0.13, indicating heightened uncertainty and potential continuation of the move lower.

Volume & Turnover


Volume surged in the final hours, especially between 15:30 and 16:45 ET, as price dropped from $10.26 to $10.07. Notional turnover spiked with a large $82,323.11 trade at 15:30 ET. Price and turnover were in sync, confirming bearish conviction.

Fibonacci Retracements


On the 5-minute chart, price is testing the 61.8% retracement level of the recent bullish swing. A break below $10.10 could target $10.05 and $10.00. Daily retracements remain undefined due to lack of a clear prior trend.

The next 24 hours could see a test of $10.10, with a potential rebound from the oversold RSI. Investors should remain cautious for further downside if volume remains high and bearish patterns persist.