On January 24, 2026, at 13:55 (UTC+8), ETH is quoted at approximately $2950 USD, with a 24-hour range of 2893-3020, a slight decline of about 0.5%. Trading volume is sluggish, the daily chart shows oscillation and convergence, with a balanced but slightly bearish bias, linked to weak consolidation in BTC.

1. Key Levels and Structure

- Support: 2890 (intraday strong support), 2850 (mid-term key), 2780 (strong defense)
- Resistance: 2980-3020 (intraday), 3050 (shorts liquidation level), 3100 (previous high pressure)
- Structure: Since the low at 2800, a weak bullish lift has been observed. Attempts to break 3050 on 9-10 day failed, followed by a sideways consolidation around 2950. The chip concentration area sees repeated battles, with no clear direction, leaning towards oscillation and accumulation.

2. Indicator Signals (4h / Daily)

- RSI (Daily): around 40-44, neutral to slightly weak, no oversold condition, gradual weakening without panic selling
- MACD (4h): mild green bars, bearish momentum slowing, no emotional panic selling, leaning towards range retreat
- KDJ (Daily): dull downward movement at mid-low levels, rebounds mainly technical corrections, not trend reversals
- Volume: 24h volume shrinks, insufficient buying pressure, testing selling pressure, high probability of continued oscillation

3. Bull and Bear Scenarios and Strategies

- Bull Trigger: volume breakout above 3020, target 3050-3100, stop loss below 2980
- Bear Trigger: break below 2890 with volume, target 2850-2780, stop loss above 2920
- Range Trading Strategy: within 2890-3020, go short at high, long at low, quick in and out, position size ≤ 3%, strict stop loss control

4. Risk Warning

- Repeated battles in chip concentration areas, unclear direction, beware of false signals to buy or sell
- Linked BTC volatility, macro / sudden news can trigger breakouts, ensure risk management
- The above is technical analysis and does not constitute investment advice.