2026-01-29 15:02:26

As of 23:00 on January 29, 2026, ETH is priced at $2,864, down 4.6% for the day. The 24-hour high is $3,045.82, and the low is $2,852.17, showing a volume-driven downward trend.

Core Trends

• Continued weakness in the evening, with the Federal Reserve rate decision suppressing risk appetite, leading to a correlated decline with BTC (correlation > 0.8). Market sentiment is somewhat panic-driven.

• Technical analysis: Short-term support at $2,850, strong support at $2,800; resistance at $2,900, with a breakout potentially targeting $2,930. A break below support could see a drop to $2,780.

• Risk points: Volatility in US stocks, and the expiration of BTC options on Friday may intensify ETH fluctuations.

Trading Recommendations

• Short-term: Light positions trying long at $2,850-$2,860, with a stop loss at $2,830; trying short at $2,890-$2,900, with a stop loss at $2,920.

• Position size ≤ 30%, strictly stop-loss, avoid news-driven shocks.

ETH-6,22%

BTC-5,13%

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