2026-01-29 15:20:51

As of January 29, 2026, 23:00, ETH is priced at $2,864, down 4.6% for the day. The 24-hour high is $3,045.82, and the low is $2,852.17, showing a volume-driven downward trend.

Core Trends
• Continued weakness in the evening, with the Federal Reserve rate decision suppressing risk appetite, leading to a correlated decline with BTC (correlation > 0.8). Market sentiment is cautious and fearful.
• Technical analysis: Short-term support at $2,850, strong support at $2,800; resistance at $2,900, with a breakout potential to $2,930, or a fall below support to $2,780.
• Risk points: Volatility in US stocks, and ETH fluctuations may intensify due to BTC options expiry on Friday.
Trading Recommendations
• Short-term: Light positions trying long at $2,850-$2,860, stop loss at $2,830; light positions trying short at $2,890-$2,900, stop loss at $2,920.
• Position size ≤ 30%, strict stop loss, avoid news-driven shocks.

ETH-0,69%

BTC-1,07%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.