Technical Analysis

Ethereum is holding above the 21-period EMA on the three-week chart, which several technical analysts view as a sign of ongoing strength rather than a major top. They interpret the current sideways action as reaccumulation within a broader uptrend, with a higher-probability scenario of further upside as long as this key support does not break.

Ethereum is maintaining a constructive structure, with price holding above the 1D Bull Market Support Band and the key 0.618 Fibonacci level around $3,100 while facing resistance near the $3,400 area. Analysts note that this sustained support, alongside ETH’s position above the Daily 200MA versus Bitcoin, indicates buyers remain in control despite recent rejections at the 0.5 Fibonacci zone. As long as these technical levels hold, the broader bullish outlook for ETH and the potential for a stronger altcoin market response remain in place.

Over the past week, Zcash has fallen from about $528 to $400 amid leadership-related uncertainty and persistent selling pressure, with the token recently trading around $402. During this downturn, a newly created whale wallet accumulated 76,661 ZEC valued at $31.65 million, while on-chain data show negative spot netflows and technical indicators warning that ZEC could break below the $400 support if bearish momentum continues.

XRP is currently trading just above $2, while an Elliott Wave-based technical outlook suggests a final Wave C advance toward the $2.26–$2.28 resistance area before a deeper correction. Analyst CasiTrades, using the 1-hour chart, expects the recent pullback to around $2.03 as a completed B wave that could lead into a five-wave C structure. If price is rejected near this upper band, the scenario anticipates a larger downside phase that may drag XRP back toward the macro support region around $1.65.

Analytics group Arab Chain, via a CryptoQuant QuickTake, reports Binance's ETH futures daily volume reached $21.7 billion, the highest since mid-December. The uptick follows a late-December lull while ETH trades around $3,292. Over the week, Ether reclaimed $3,300 but failed to break $3,400, reinforcing a short-term bearish setup.

Monero's price surged to a new all-time high of $799 on 14 January before dropping 13.5% over the last 24 hours as trading volumes fell by 25%. The move followed an alleged hardware wallet attack in which over $282 million in LTC and BTC were converted into XMR, and analysts now see overheated futures activity and support levels near $518 and $447 as key risk zones.

Cardano has recorded a 10,654.62% spike in futures trading volume on BitMEX to $40.04 million, while its open interest hovers around $792.57 million. CME Group plans to launch ADA and Micro ADA futures contracts on Feb. 9, pending regulatory review. ADA is trading near $0.395, with key resistance seen at $0.4378 and $0.50, and support levels around $0.38, $0.33 and $0.27.

Bitcoin is holding the $94,630 H4 support while resistance at $98,200 and $107,500 stays in focus. According to Kamile Uray, BTC remains above $89,326, with bullish continuation possible; Lennaert Snyder expects weekend liquidity to keep price range-bound, watching for a break above $95,820 toward the $97,960 monthly high.

Ethereum recorded nearly 8 million active addresses and a new peak in network usage on 17 January, alongside transaction fees at all-time lows. Despite this on-chain growth, ETH remained capped below its 200-day EMA, with price action hovering around a symmetrical triangle and key resistance levels between $3,800 and $4,000 in focus.

AVAX, the native asset of the Avalanche network, recently climbed to $14.85 before dropping back under $13.50 and now trades near $13.61. Analyst Ali Martinez’s January 16 chart study highlights repeated rejections around $14.83 and an inverse head and shoulders structure that could project upside targets at $17.59 and $18.41 if this resistance is cleared. AVAX has booked a 14.67% gain over the past month, hinting at a possible shift after a net negative Q4 2025.