In recent trading days, ETH has shown a steady oscillating upward trend. From January 13 to 15, consecutive bullish candles demonstrated strong momentum, especially as the price approached the 3355.8 level, encountering resistance at a key round number. Although there is some resistance above, the overall market remains bullish.
**Technical Indicator Insights**
Regarding MACD, both DIF and DEA are operating above the zero line, with DIF continuing to rise, indicating a clear bullish market characteristic. However, it is also important to note that there may be short-term correction risks.
The RSI is currently at 65.17, approaching the overbought zone, which suggests strong bullish momentum. Nonetheless, a brief consolidation may be needed in the near future.
The EMA moving average system is well aligned—price remains firmly above EMA7, EMA30, and EMA120, indicating a short- to medium-term bullish arrangement. EMA7 around 3246.55 can serve as a key support level.
**Volume Trends**
On January 14, trading volume significantly increased to over 500,000, coupled with rising prices, indicating active capital inflow. However, on January 15, volume decreased to 4544, suggesting a waning upward momentum. The subsequent volume and price action warrant close attention.
**Trading Strategies**
For long positions, the first entry point can be around 3245—this is near EMA7 support and a round number, providing a strong support level. If a pullback occurs, 3190 is a secondary target, close to EMA30 support zone. Place stop-loss below 3160 to manage risk.
For short positions, the first resistance level is at 3400, just above the recent high of 3355.8, where selling pressure may emerge. A breakout above this level targets the next significant round number at 3450. Set the stop-loss at 3475; if this level is broken, it indicates a strengthening bullish trend.
Overall, buying on dips remains the primary approach, with a clear bullish trend on the daily chart. Keep an eye on BTC and SOL for further market developments.
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LayerZeroHero
· 01-17 01:18
The shrinking volume does feel a bit alarming, and the short-term adjustment pressure isn't small.
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FantasyGuardian
· 01-16 20:59
The decline in volume is a bit dangerous. Can the 3245 level hold?
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MEVHunterLucky
· 01-15 13:13
ETH this wave is interesting, the trading volume is declining so quickly? It seems like there might be a need for a shakeout later on.
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DegenDreamer
· 01-15 01:45
The decline in trading volume is a bit weak, feeling like this rally lacks momentum... Let's wait and see.
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SchroedingerMiner
· 01-15 01:41
The decline in volume is a bit uncomfortable. The wave on the 14th clearly shows the main force accumulating, but after the sharp drop on the 15th to 4544, it feels a bit weak.
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AirdropHunter007
· 01-15 01:32
Trading volume suddenly dropped from 500,000 to 4,544. The momentum has weakened quite a bit, it feels like a trend reversal is coming.
【Ethereum Price Trend Analysis】
**Candlestick Pattern Performance**
In recent trading days, ETH has shown a steady oscillating upward trend. From January 13 to 15, consecutive bullish candles demonstrated strong momentum, especially as the price approached the 3355.8 level, encountering resistance at a key round number. Although there is some resistance above, the overall market remains bullish.
**Technical Indicator Insights**
Regarding MACD, both DIF and DEA are operating above the zero line, with DIF continuing to rise, indicating a clear bullish market characteristic. However, it is also important to note that there may be short-term correction risks.
The RSI is currently at 65.17, approaching the overbought zone, which suggests strong bullish momentum. Nonetheless, a brief consolidation may be needed in the near future.
The EMA moving average system is well aligned—price remains firmly above EMA7, EMA30, and EMA120, indicating a short- to medium-term bullish arrangement. EMA7 around 3246.55 can serve as a key support level.
**Volume Trends**
On January 14, trading volume significantly increased to over 500,000, coupled with rising prices, indicating active capital inflow. However, on January 15, volume decreased to 4544, suggesting a waning upward momentum. The subsequent volume and price action warrant close attention.
**Trading Strategies**
For long positions, the first entry point can be around 3245—this is near EMA7 support and a round number, providing a strong support level. If a pullback occurs, 3190 is a secondary target, close to EMA30 support zone. Place stop-loss below 3160 to manage risk.
For short positions, the first resistance level is at 3400, just above the recent high of 3355.8, where selling pressure may emerge. A breakout above this level targets the next significant round number at 3450. Set the stop-loss at 3475; if this level is broken, it indicates a strengthening bullish trend.
Overall, buying on dips remains the primary approach, with a clear bullish trend on the daily chart. Keep an eye on BTC and SOL for further market developments.