January 18, 2026 $ETH 4-hour level is consolidating at a high after an upward trend, looking for pullback buying opportunities

Based on the data from January 9 to January 18, we can clearly see a complete trend evolution process: from the end of a downtrend, through consolidation and bottoming, to a strong upward trend. Currently, it is in a high-level pullback or consolidation phase within the upward trend.

Main trend: Upward trend. Price structure shows higher highs (3090 -> 3400), and lows are also rising, with key moving averages in a bullish alignment.
Current stage: After a rapid rise, the price encounters resistance in the 3350-3400 area. Multiple momentum indicators (MACD histogram, StochRSI) show weakening bullish momentum, with signs of bearish divergence or a high-level death cross. The price is digesting previous gains through pullback or sideways movement, correcting overheated indicators. This is not the start of a downtrend but a healthy retracement or consolidation within the upward trend. The goal is to gather strength for a possible further advance.

Key level analysis

Key support levels:
1. 3280 - 3300 area: Recent testing of this platform zone, also where the current fast EMA and previous breakout volume cluster. This is the most important support to maintain the short-term upward structure.
2. 3230 - 3250 area: The low point during the January 14-15 pullback, also where the slow EMA is about to move upward. If it falls below 3300, this zone will serve as the main defense line for the bulls.
3. 3180 - 3200 area: The starting point of the long bullish candle on January 13 and the gap (hypothetically). It is also the lifeline for trend reversal. Falling below this area may damage the current upward trend.

Key resistance levels:
1. 3350 - 3380 area: Recent rebound high zone, with a large number of trapped positions. Breaking through this area signals a return to strong bullish momentum.
2. 3400 - 3420 area: The previous high of this rally, an important psychological and technical resistance.
3. 3500 area: If the previous high is broken effectively, the next target will be the round number above.

Trading suggestions:
Currently, adopt a bullish mindset but avoid chasing highs near resistance levels. Focus on signs of stabilization around key support levels (such as 3300, 3250), combined with volume expansion and MACD/RSI indicators strengthening again, to find entry or add positions. If the price drops with volume below the 3180-3200 support, reassess the trend. #BTC #ETH #SOL #DASH #AXS #SAND

More data available at 51 Quant @Code45Me_bot