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On January 28, 2026, at 14:00, ETH is quoted at approximately $2990. The daily chart is in a correction phase after a decline, and the 4-hour chart remains bearish before stabilizing above 3000. There is obvious selling pressure above, and short-term volatility is weak, awaiting the Federal Reserve decision for guidance.
1. Key Price Levels (USD)
- Support: 2950-2960 (short-term); 2900-2920 (medium-term strong support); 2835-2850 (deep correction target)
- Resistance: 3000-3010 (strong/weak boundary); 3030-3050 (short-term strong resistance); 3080-3100 (trend reversal threshold); 3345 (daily strong resistance)
2. Technical Highlights
1. Trend and Pattern: The daily chart shows a technical correction after a decline, not a reversal; the 4-hour chart remains bearish below 3000; in the short term, around 2990, close to the upper end of the oscillation zone, with limited rebound momentum.
2. Indicator Signals: RSI approaching resistance line, beware of rebound resistance; insufficient volume, lack of sustained upward movement, high probability of oscillation.
3. Channels and Moving Averages: After losing the lower band of the ascending channel, it has not yet stabilized; short-term moving averages are tangled, lacking clear directional guidance.
3. Trading Strategy (No leverage)
- Mainly observe and wait for the Federal Reserve decision to clarify the direction.
- If rebounding to the 3000-3010 range, reduce positions gradually, with a stop loss above 3030.
- If stabilizing during a correction at 2950-2960, try a light long position, with a stop loss below 2920.
- Break through 3030 with increased volume and retest for adding positions, targeting 3080-3100; if falling below 2900, exit with a stop loss, targeting 2835-2850.
4. Risk Reminder
- The Federal Reserve interest rate decision at 03:00 on the 29th, with a hawkish stance, may trigger a quick correction; a dovish stance favors a rebound and breaking resistance.
- Short-term volatility may increase; control position size, always set stop losses, avoid chasing gains or panic selling.