2026-01-18 02:40:37

18, $ETH 4-hour level is in a high-level consolidation after an upward trend, looking for pullback buying opportunities.

Based on the data from January 9 to January 18, we can clearly see a complete trend evolution process: from the late stage of a downtrend, through consolidation and bottoming, to ultimately evolving into a strong upward trend. Currently, it is in a high-level pullback or consolidation phase within the upward trend.
Main trend: Upward trend. Price structure shows higher highs (3090 -> 3400), and lows are also rising, with key moving averages in a bullish alignment.
Current phase: After a rapid rise, the price encounters resistance in the 3350-3400 area. Multiple momentum indicators (MACD histogram, StochRSI) show weakening upward momentum, with signs of divergence or a high-level death cross. The price is digesting previous gains through pullback or sideways movement to repair overheated indicators. This is not the start of a downtrend, but a healthy retracement or consolidation within the upward trend. The goal is to accumulate strength for a possible further advance.
Key level analysis:
Key support levels:
1. 3280 - 3300 area: Recent multiple tests of this platform zone, also the current fast EMA and the area of previous breakout with high trading volume. This is the most important support to maintain the short-term upward structure.
2. 3230 - 3250 area: The low point during the January 14-15 pullback, and the position where the slow EMA is about to move upward. If it falls below 3300, this zone will serve as the main defense line for the bulls.
3. 3180 - 3200 area: The starting point of the long bullish candle on January 13 and the hypothetical gap area, also a vital support for trend reversal. Falling below this zone may damage the current upward trend.
Key resistance levels:
1. 3350 - 3380 area: Recent rebound high zone, with a large number of trapped positions. Breaking through this area signals a return to strong upward momentum.
2. 3400 - 3420 area: The previous high of this rally, an important psychological and technical resistance.
3. 3500 area: If the previous high is effectively broken, the next target will be the round number above.
Trading suggestions:

ETH0,3%

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