2026-01-23 00:01:02

January 23rd, Ethereum's rebound rhythm is worth paying attention to

Looking at the 4-hour chart, after several bearish candles retraced, the price started sideways consolidation at a low level. The Bollinger Bands are tightening, and the bulls and bears are roughly balanced. Once the consolidation is complete, a direction will inevitably be chosen.

On the 1-hour chart, after breaking below the lower band, a rebound with a bullish candle occurred. The long lower shadow indicates that the bulls are actively absorbing buy orders below, while the bears are losing momentum. The MACD fast and slow lines are close together, and the KDJ lines are about to cross upward, signaling that short-term rebound momentum is building, with a higher probability of moving upward.

In practical trading, $ETH can be supported around 2900, and the 2870 level is also worth watching. These two zones are relatively safe for low buying. The rebound target is around 3000-3030, which previously faced resistance. It remains to be seen whether it can hold steady. Keep an eye on the movements of $BTC and $BNB, as their trends will directly influence Ethereum's rhythm.

ETH6.07%

BTC6.81%

BNB1.58%

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EyeOfTheTokenStorm

· 01-25 23:45

The Bollinger Bands are tightening, and I find this kind of consolidation the most annoying. If you ask me, the KDJ golden cross signal must be combined with volume analysis; otherwise, it's just a false breakout. Although the 2900 level is a support, whether it can hold this time is really hard to say... We need to wait for BTC to give a signal.

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ShibaOnTheRun

· 01-25 19:28

2900 is really a good entry point here; it's clear that the bears are out of power.

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SerumSqueezer

· 01-25 18:36

The Bollinger bands are tightening more and more, feeling like a breakout is imminent, but I'm worried it might be a false breakout again.

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MetaverseMortgage

· 01-23 00:30

The Bollinger bands are tightening, and the bears are losing momentum. This rhythm definitely warrants some attention.

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RugResistant

· 01-23 00:29

Is this how the Bollinger Bands tighten? It still depends on BTC's mood; Ethereum is too passive.

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LiquidatorFlash

· 01-23 00:24

The Bollinger Bands are tightening more and more, which is a signal before a breakout... but we also need to be cautious of liquidation risks. Once the 2870 defense line is broken, a chain reaction could happen very quickly.

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WhaleWatcher

· 01-23 00:21

The Bollinger Band squeeze is like this—when the gap is tight, the bears lack momentum and a rebound is indeed likely. But can 2900 really hold? That's the key.

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BlockchainTalker

· 01-23 00:15

actually, the technicals here are screaming accumulation phase... that long wick on the hourly? textbook capitulation signal tbh. but caveat emptor – macd crossovers alone won't print money lol. what's really fascinating is how btc dominance factors into eth's breakout probability. ngl the 2870-2900 zone feels like a classic support trap if macro sentiment shifts.

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BugBountyHunter

· 01-23 00:08

The Bollinger Bands are tightening more and more, it's time to move... The bulls are aggressively taking over, and the bears are really losing momentum.

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LiquidationWizard

· 01-23 00:06

Bollinger Bands are playing the squeeze game again. This time, it really feels like a breakout is coming. Let's bet that the bulls can hold above the 2900 level.

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