Market Overview for Ethereum/Tether on 2026-01-05

Generated by AI AgentAinvest Crypto Technical RadarReviewed byShunan Liu
Monday, Jan 5, 2026 12:25 pm ET1min read
ETH
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Aime RobotAime Summary

- ETHUSDT surged to $3196.20 on 2026-01-05, forming bullish patterns like a 5-minute engulfing candle at 21:15 ET.

- RSI peaked at 72 (overbought) and Bollinger Bands contracted before a sharp rebound, signaling volatility shifts.

- Volume spiked to 11,924.14 ETH at 15:45 ET during a 3.2% price jump, but diverged at 04:45 ET as momentum weakened.

- Price stalled near 61.8% Fibonacci at $3180, suggesting potential for a $3200 test but with caution due to overbought conditions.

Summary
• Price surged from $3137.48 to $3196.20 on

ETHUSDT
, forming bullish momentum.
• 21:15 ET saw a key 5-minute bullish engulfing pattern on 3140.0–3145.0 range.
• Volume spiked to 11924.1433 at 15:45 ET, aligning with a 3.2% price jump.
• RSI reached 69–72 late afternoon, signaling potential overbought caution.
• Bollinger Band contraction occurred at 04:15 ET before a sharp rebound.

Ethereum/Tether (ETHUSDT) opened at $3137.48 on 2026-01-04 at 12:00 ET and closed at $3183.90 on 2026-01-05 at 12:00 ET, reaching a high of $3204.44 and a low of $3119.17. The total 24-hour volume was 89,512.87 ETH, and notional turnover amounted to $281,060,875.

Structure & Formations


Price moved within a broad ascending range, with key support at $3130–3135 and resistance at $3150–3155 throughout the day. A bullish engulfing pattern was observed at 21:15 ET after a pullback from $3162.55, suggesting potential continuation higher. A doji formed at 04:45 ET on $3163.23, signaling indecision during a critical consolidation period.

Moving Averages


On the 5-minute chart, price remained above the 20-period and 50-period moving averages most of the session, confirming short-term bullish bias. On the daily chart, the 50- and 100-period MAs were closely aligned, indicating no major directional bias at this time.

MACD & RSI


MACD showed a positive crossover in the morning and remained in bullish territory throughout the session, with a late afternoon divergence hinting at a possible pause. RSI fluctuated between 57 and 72, peaking in the late afternoon—suggesting moderate overbought conditions and potential pullback risk ahead.

Bollinger Bands


A volatility contraction occurred between 04:15 ET and 04:30 ET, followed by a strong breakout above the upper band. Price remained above the midline for most of the session, indicating strong bullish momentum.

Volume & Turnover


Volume spiked at 15:45 ET with 11924.1433 ETH traded, coinciding with a 3.2% price increase to $3193.12. Turnover mirrored the volume trend, peaking at $38 million during this move. A divergence occurred at 04:45 ET—price rose while volume fell—which may hint at weakening momentum.

Fibonacci Retracements


The 5-minute swing from $3136.55 to $3190.0 was retraced to 38.2% at $3169.65 and 61.8% at $3180.0. Price stalled near the 61.8% level before closing near it, indicating potential for a test of the $3193.12 high in the coming session.

Ethereum/Tether appears to be gathering momentum ahead of a potential test of $3200, though RSI overbought readings and volume divergence suggest caution. Traders may watch the $3180–3185 level for confirmation of a sustainable breakout or a consolidation phase.