Market Overview for Ethereum/Tether (ETHUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Saturday, Jan 10, 2026 12:23 pm ET1min read
ETH
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Aime RobotAime Summary

- ETH/USDT formed a bearish engulfing pattern near $3133, retesting $3080 support with strong volume confirming downward pressure.

- RSI below 30 and MACD bearish divergence signal oversold conditions, while price closed near lower Bollinger Band on 5-minute chart.

- 61.8% Fibonacci retracement aligns with $3086 consolidation, suggesting potential bounce or further decline based on subsequent price action.

- Investors should monitor RSI/volume for reversal signals as $3080 becomes key level for short-term directional confirmation.

Summary
• Price formed a bearish engulfing pattern near $3133, followed by a retest of the $3080 level.
• RSI shows bearish momentum, with a reading below 30 indicating potential oversold conditions.
• Volume spiked during the key bearish move, confirming downward pressure.
• Price closed near the lower Bollinger Band, signaling a possible bounce or continuation.

Ethereum/Tether (ETHUSDT) opened at $3124.64 on 2026-01-09 at 12:00 ET and closed at $3086.12 on 2026-01-10 at 12:00 ET, reaching a high of $3136.38 and a low of $3071.26. Total volume was 51,951.15 ETH, with a notional turnover of approximately $160.4 million over the 24-hour window.

Structure & Formations


The price action formed a bearish engulfing candle around $3133 and subsequently retested support near $3080, which appears to hold as a short-term floor. A potential bullish reversal could develop if the price stabilizes and shows a rejection from this level.

Moving Averages


On the 5-minute chart, the price closed below both the 20-period and 50-period moving averages, reinforcing the short-term bearish bias. Daily moving averages suggest a broader consolidation phase, with the 200-day line acting as a long-term reference.

MACD & RSI

The MACD crossed below the signal line with bearish divergence, aligning with the RSI dipping below 30, indicating oversold territory. This could trigger short-term buyers, but further confirmation is needed to validate a reversal.

Bollinger Bands


Price closed near the lower Bollinger Band on the 5-minute chart, suggesting possible volatility expansion. This position historically has a high probability of either a bounce or a continuation of the downtrend, depending on subsequent price action.

Volume & Turnover


Volume surged during the bearish breakdown from $3133 to $3086, with notional turnover rising in line with the price drop, indicating strong conviction in the short-term bearish move. No clear divergence between volume and price was observed.

Fibonacci Retracements


The 61.8% Fibonacci level of the recent bearish swing from $3136.38 to $3071.26 is around $3086, aligning with the recent consolidation. A potential bounce from this level or a break below could signal the next directional move.

Looking ahead, a test of the $3080 level is likely, with a potential bounce or further consolidation expected. Investors should monitor RSI and volume for reversal signals and be mindful of potential downward continuation risks in the next 24 hours.