ETHFI Technical Analysis Jan 28

ETHFI is currently at $0.63, squeezed between the primary support at $0.6158 and nearby resistance at $0.6457. Critical liquidity zones in the downtrend are ready to be tested.

Current Price Position and Critical Levels

ETHFI traded in the $0.58-$0.64 range with a 5.01% rise over the last 24 hours and is currently positioned at $0.63. While the overall downtrend continues, the price remains below EMA20 ($0.66), issuing a short-term bear signal. RSI at 41.98 is in the neutral-bearish zone, while Supertrend points to $0.77 resistance, confirming the bearish structure. 12 strong levels were identified across multiple timeframes (1D/3D/1W): 2 supports/4 resistances on 1D, 1 resistance on 3D, 3 supports/3 resistances confluence on 1W. In this structure, the price defended the $0.6158 support zone with the recent rise, but if it fails to break $0.6457 resistance, a downside liquidity hunt may trigger. Volume is at a medium level of $26.39M, but increasing buy volume was observed during support tests.

Support Levels: Buyer Pools

Primary Support

$0.6158 (Score: 74/100): This level stands out as a strong demand zone on 1D and 1W timeframes. The quick recovery from the $0.58 low in the last 24 hours began here; the price tested it three times and showed strong buy reaction (price rejection) each time. It coincides with an order block on the 1W chart, has EMA50 ($0.61 area) confluence, and high volume profile – big players accumulated liquidity here. Historically a base from the December 2025 rally; a break opens the path to $0.5510. This level is 2.4% below the current $0.63 position, an ideal hold point for short-term longs.

Secondary Support and Stop Levels

$0.5510 (Score: 71/100): Secondary support as a clear liquidity pool on 3D and 1W. Tested four times during the January 2026 drop, defended each time with volume spikes – a region that eliminates supply imbalance. Confluence with 1D EMA100 ($0.55), Fibonacci 0.618 retracement level. Invalidation occurs with a close below $0.5510, in which case the downside target $0.3154 (score 22/100) activates, offering a 50% R/R ratio. Stops below $0.6158 around $0.60 are recommended for 1:2 RR; risk management is critical.

Resistance Levels: Seller Pools

Near-Term Resistances

$0.6457 (Score: 69/100): Closest resistance, the 1D 24h high and approach to EMA20 ($0.66). Rejected twice (false breakout), dense seller order block here – ideal for liquidity grab. Volume decrease observed; $27M+ volume required for breakout. Break leads to $0.6731.
$0.6731 (Score: 61/100): Next short-term hurdle, overlapping with 1D swing high and Supertrend resistance. Supply zone from December 2025 peak, 80% rejection rate over three tests.

Main Resistance and Targets

$0.9026 (Score: 64/100): Main resistance and upside target, strong supply block on 1W and 3D. Equal highs clustered here from the November 2025 rally, confluence with Fibonacci 1.618 extension. BTC support required for breakout, otherwise high fakeout risk. Upside R/R potential 1:3, but 43% away from current bearish structure.

Liquidity Map and Big Players

Big players (smart money) are accumulating long liquidity at $0.6158-$0.5510 supports; below $0.6158 could be targeted for stop hunts. Short positions are dense between $0.6457-$0.6731 resistances, while $0.9026 is a major distribution zone. No BOS (break of structure) in price action; $0.6457 breakout required for CHOCH (change of character). 1W downtrend continues, liquidity flowing to low stops (below $0.58). Volume profile medium-high at supports, low at resistances – imbalance bearish. Detailed data available for ETHFI Spot Analysis and ETHFI Futures Analysis.

Bitcoin Correlation

BTC at $89,018 (+0.26%) in downtrend, high correlation with ETHFI (0.85%). If BTC breaks $88,431 support, ETHFI tests $0.6158; if BTC breaks $89,179 resistance, altcoin rally possible. BTC Supertrend bearish, dominance rise pushes ETHFI to $0.5510. Main BTC levels: Support $88,431/$86,075, Resistance $89,179/$91,281. Below BTC $84,681 is a red flag for ETHFI.

Trading Plan and Level-Based Strategy

Level-based outlook: Above $0.6457 bullish (targets $0.6731-$0.9026, stop below $0.6158). If $0.6158 holds, range trade, long $0.6158-$0.6457 (RR 1:2). Downside break short at $0.6158 (targets $0.5510/$0.3154). Wait for multi-timeframe confluence, volume confirmation required. This analysis is not investment advice; do your own research for spot or futures. Risk management: Position 1-2% capital, use trailing stops.