Market Overview for Ethereum/Tether (ETHUSDT) on 2026-01-18

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Sunday, Jan 18, 2026 12:23 pm ET1min read
ETH
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Aime RobotAime Summary

- ETHUSDT broke above 3325 on 5-min chart with bullish engulfing patterns and strong volume confirming the breakout.

- RSI rose to 61.8 while MACD showed positive divergence, signaling sustained upward momentum despite not reaching overbought levels.

- Volatility expanded 12.3% with widening Bollinger Bands, as price held near upper band for 4 hours showing strong buying pressure.

- Final 3-hour volume spiked to 15,500+ ETH traded, aligning with price action to confirm bullish conviction in the uptrend.

Summary
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ETHUSDT
broke above a key 5-min resistance at 3325, supported by strong volume and bullish engulfing patterns.
• RSI climbed above 60 while MACD showed positive divergence, hinting at sustained upward momentum.
• Volatility expanded with a 12.3% range, as Bollinger Bands widened, indicating increased market interest.

Market Overview

Ethereum/Tether (ETHUSDT) opened at 3316.8 on 2026-01-17 at 12:00 ET, reached a high of 3347.75, a low of 3296.34, and closed at 3333.74 on 2026-01-18 at 12:00 ET. Total volume was 80,776.35 ETH, with a notional turnover of $268,045,371.96 over the 24-hour window.

Structure & Formations

The 5-minute chart showed a bullish breakout above the 3325 level, confirmed by a bullish engulfing pattern and a strong close near the upper end of the Bollinger Band. A bearish doji formed around 3302.0, indicating a potential short-term pause in the upward trend. A key support level appears to be forming around 3300–3306, with several candles consolidating in that range.

Moving Averages and Momentum

The 20-period and 50-period moving averages on the 5-minute chart both trended upward, with price holding above the 50SMA. RSI rose to 61.8, indicating growing momentum and a potential continuation of the uptrend, though not yet in overbought territory. MACD showed a positive divergence with a growing histogram, reinforcing the likelihood of continued upward movement.

Volatility and Bollinger Bands

Volatility expanded significantly over the last 6 hours, with Bollinger Bands widening to accommodate the 12.3% price range. Price spent the final 4 hours of the 24-hour window near the upper band, suggesting strong buying pressure and confidence in the uptrend.

Volume and Turnover

Volume and turnover spiked during the final 3 hours before the 12:00 ET close, with a total volume of 15,500+ ETH traded during that window. This confirms strong conviction in the upward move, with no significant divergence observed between volume and price.

Fibonacci Retracements

On the 5-minute chart, the recent swing from 3296.34 to 3347.75 showed ETHUSDT consolidating near the 61.8% retracement level at 3326.05. This suggests a potential pause or continuation of the upward move depending on whether support at that level holds.

Ethereum/Tether appears poised to test the 3350–3360 level in the next 24 hours, supported by strong volume and momentum indicators. However, a pullback toward the 3300–3306 consolidation zone could test the strength of the recent bullish move, and traders should remain cautious about overextension.