ETH Technical Analysis – COINOTAG

Ethereum price is currently trading at the $3.167,64 level, with the primary support zone positioned just below at $3.128,74. It is giving a bearish signal below the short-term EMA20 ($3.186,04$), with a sideways trend dominating.

Current Price Position and Critical Levels

Ethereum (ETH) is balanced at the $3.167,64 level as of January 20, 2026. In the last 24 hours, it traded in the $3.152,44 – $3.236,26 range with a 1.04% decline, volume at 10.72 billion$. Although the overall trend is sideways, short-term bearish pressure dominates as the price remains below EMA20 ($3.186,04$). RSI at 50.29 is neutral, Supertrend is bearish, and resistance is at $3.494,19. Multi-timeframe (MTF) analysis identified 15 strong levels across 1D/3D/1W timeframes: 3 supports/4 resistances on 1D, 2S/2R on 3D, 3S/2R on 1W. The price is resting at the order block of the latest downwave on the daily chart; $3.191 is critical for an upside breakout, while $3.128 should be tested below. In the broader structure, the correction from 2025 highs (around $4.000$+) continues, but around $3.000$ forms a strong demand zone.

Support Levels: Buyer Zones

Primary Support

The strongest support is at $3.128,74 (score: 65/100). This level coincides with the low-volume order block of the last 48 hours on the 1D timeframe; price was rejected here twice (volume spike +150%). On the 3D chart, there is confluence with EMA50 (around $3.130), a supply-demand zone left from the November 2025 rally historically. On 1W, it overlaps with Fibonacci 0.618 retracement (61.8%). Why important? High liquidity pooling potential; ideal for stop-loss hunting, tested 3 times in the past with +5% bounces. Buyers enter when price approaches here, invalidation below $3.100.

Secondary Support and Stop Levels

Secondary supports: $3.058,79 (score 60/100) and $2.975,33 (score 60/100). $3.058 is strong on 1D with breaker block (turn from previous resistance) and volume profile POC (Point of Control); 4 tests in December 2025, 3-7% recovery each time. Confluence with EMA100 ($3.060$) on 3D, monthly low on 1W. $2.975$ is deeper support: 1W order block, Q4 2025 accumulation zone, volume 2x average. Stop levels: below primary at $3.100$, for secondary at $3.000$, final invalidation at $2.950$ (sideways structure breakdown). Liquidity sweeps expected below these levels, where big players accumulate long positions.

Resistance Levels: Seller Zones

Near-Term Resistances

The most critical near-term resistance is $3.191,14 (score 79/100). This level has confluence on 1D with the last 24-hour high and EMA20 ($3.186$); price hit here 3 times, volume divergence (-20%) signaling bearish rejection. Aligned with Supertrend resistance at $3.494,19$, short-term target. Why strong? Liquidity pool here, stop-losses above; +2% volume increase required for breakout. Invalidation is failure to hold above $3.167.

Main Resistance and Targets

Main resistances: $3.660,98 (score 65/100) and $3.934,96 (score 67/100). $3.660$ is a premium order block on 3D timeframe and Fibonacci 0.382 extension; seller zone from January 2025 high, average 4% rejection over 5 tests. Confluence with EMA200 (around $3.650$) on 1W, high volume (3x average). $3.934$ is major target: 1W supply zone near 2025 ATH, MTF confluence (1D/3D/1W). Upside targets: $3.494-$3.660 on $3.191 breakout, then $3.934. Seller pressure increases at these levels, R/R potential 1:3 (downside to $3.000).

Liquidity Map and Big Players

The liquidity map is squeezed between $3.128-$3.191; equal lows below at $3.058 collect liquidity, stop hunt at $3.191 above. Big players (smart money) have long bias at $3.128 order block, short on $3.191 rejection. Per volume profile, HVN (High Volume Node) at $3.100-$3.150, LVN (Low Volume) at $3.200+ for fast pass. FVG (Fair Value Gap) imbalance at $3.050-$3.080, ideal for liquidity grab. Whales are accumulating ETH positions amid BTC sideways; parallel to CFTC data, long/short ratio 1.2:1.

Bitcoin Correlation

BTC at $91.754,62 level (-0.92%), sideways trend. ETH correlates 0.85% with BTC; BTC supports at $90.916, $89.589, $88.193 are critical – ETH dragged to $3.000 if broken. BTC resistances at $92.467, $94.151, $97.924; BTC above 92k bullish for ETH, Supertrend bearish on BTC signals altcoin caution. If dominance rises (currently 55%), ETH remains under pressure. Watch: BTC below 90k triggers ETH $3.058.

Trading Plan and Level-Based Strategy

Level-based outlook: Above $3.191 bullish (targets $3.494-$3.660, stop below $3.128), below bearish (targets $3.058-$2.975, stop above $3.191). R/R: Upside 1:2.5, downside 1:3. Low leverage for ETH Spot Analysis, high leverage for ETH Futures Analysis. This analysis is not investment advice; risk management essential (max 1-2% risk). Wait for MTF confluence, get volume confirmation.