ETH Daily Technical Analysis
Ethereum
Blockchain platform that enables smart contracts and decentralized applications (dApps).
ETH Technical Analysis Summary
Ethereum remains in a confirmed downtrend, trading below all key moving averages (20, 50, and 200 SMAs). Short-term momentum is bearish, evidenced by a recent MACD crossover to the downside and RSI declining towards oversold territory. Immediate support lies near the lower Bollinger Band around 2,887; a failure to hold this level could see price revisit the major structural lows near 2,200. Reclaiming the 3,000–3,100 zone is necessary to neutralize the immediate bearish bias.
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ETH Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is trading below the 20-day SMA and struggling to hold the 2,900 level. The MACD line has crossed below the signal line with an expanding negative histogram, and the RSI is trending downwards below 50, indicating growing selling pressure.
Long-term Sentiment (weeks to months): Bearish
The price is significantly below the 200-day SMA (3,669.33) and the 50-day SMA (3,077.47). The 50 SMA is below the 200 SMA, and the overall market structure consists of lower highs and lower lows since the major peak.
Report Metadata
- Timeframe: daily
- Generated at: 2026-01-23T13:03:31.438Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $2,890.00 | $2,880.00 - $2,900.00 | Weak | Immediate support near the Lower Bollinger Band (2,887.28) and recent consolidation lows. |
| $2,200.00 | $2,150.00 - $2,250.00 | Strong | Major swing low established during the previous significant capitulation event. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $3,117.50 | $3,077.00 - $3,158.00 | Strong | Confluence of the 50-day SMA and the 20-day SMA acting as dynamic resistance. |
| $3,425.00 | $3,400.00 - $3,450.00 | Strong | Recent swing high aligned closely with the Upper Bollinger Band. |
| $3,684.50 | $3,669.00 - $3,700.00 | Strong | The 200-day SMA, representing the major trend filter and significant overhead resistance. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Downtrend Structure | Bearish | $2,200.00 | The chart exhibits a clear series of lower highs and lower lows since the peak, with moving averages fanning out in a bearish alignment. |
| Strong | Bearish MACD Crossover | Bearish | N/A | The MACD line (blue) has crossed below the Signal line (orange) while below the zero line, confirming negative momentum. |
Frequently Asked Questions about ETH
What is the current sentiment for ETH?
The short-term sentiment for ETH is currently Bearish because Price is trading below the 20-day SMA and struggling to hold the 2,900 level. The MACD line has crossed below the signal line with an expanding negative histogram, and the RSI is trending downwards below 50, indicating growing selling pressure.. The long-term trend is classified as Bearish.
What are the key support levels for ETH?
StockDips.AI has identified key support levels for ETH at $2,890.00 and $2,200.00. These levels may represent potential accumulation zones where buying interest could emerge.
Is ETH in a significant dip or a Value Dip right now?
ETH has a Value Score of 70/100. It is currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.