On January 27, 2026, at 11:00, ETH is quoted at approximately $2939, with intra-day oscillations leaning bullish, repairing within the 2880-2950 range. Overall, it remains in a daily downtrend structure, with heavy selling pressure during rebounds.

Key Price Levels (USD)

- Support: 2880 (lifeline), 2840-2860 (strong support), 2780
- Resistance: 2940-2950, 2970-3000 (strong resistance), 3050

Technical Indicators

1. Daily Chart: RSI around 47, slightly weak; MACD in a bearish zone, green bars converging but not reversing; moving averages in a bearish alignment, with price below key moving averages.
2. 4-Hour Chart: RSI at 48, neutral to slightly weak; MACD below zero, bearish dominance, rebound momentum insufficient; multiple upper shadows, heavy selling pressure above.
3. Hourly Chart: Fluctuating sideways, insufficient volume, prone to quick pullbacks after rises, overall correlated with BTC.

Trading Strategy (Risk Control First)

1. Rebound Short: Enter at 2940-2950, stop-loss above 2980, target 2880-2860, break below to watch 2840.
2. Short-term Long at Low Levels: Stabilize entry at 2880-2890, stop-loss below 2850, target 2930-2940.
3. Position Size: Single position ≤20%, strict stop-loss, quick in-and-out in volatile conditions.

Risk Reminder

- Market sentiment remains in fear zone, ETF capital outflow pressure persists. If 2880 is lost, the price may accelerate downward to the 2840-2780 range.
- Near 3000, there are many long liquidation stops, which can become points for short sellers to add positions when rebounds weaken.