Technical Analysis

Ethereum has retreated from the $3,400 resistance area and is now trading below $3,250 and the 100-hourly Simple Moving Average while holding support near $3,200. The recent drop pushed ETH down through $3,320, $3,280, and the 50% Fib retracement of the $3,060 to $3,402 move, with price briefly testing the $3,180 zone. As long as buyers protect the $3,180–$3,200 support band, the market could attempt a recovery toward $3,250, $3,280, and possibly the $3,320–$3,400 resistance levels, while a break lower may open the way to $3,120 or even $3,050.

Ethereum is consolidating near $3,300 as traders watch a narrowing structure and improving momentum. A January 18, 2026 post by Merlijn The Trader stressed holding $3,300 and pointed to $3.9k–$4k as a potential upside zone. The 4-hour MACD has turned upward, while patterns such as a falling wedge and double bottom are in focus.

After a calm weekend, liquidity stayed thin and volatility subdued across majors. XRP's trading participation fell toward zero while price drifted under the 100/200 EMA. SHIB compressed near short‑term support with few obstacles overhead. Bitcoin's attempts higher lacked volume, facing repeated rejection near key daily moving averages.

Bitcoin slid under $93,500 after losing $95,000 and $94,000, and briefly dipped below $92,000 while remaining beneath the 100‑hour SMA. If $92,000 holds, upside hurdles sit near $93,000, $93,500 and $94,000, with scope toward $95,000; failure to stabilize risks tests of $91,800, $91,300 and the $90,000 area.

Large holders amassed over 210 million ADA across the past three weeks while the token traded below $0.40. Price compressed near $0.38–$0.39 inside a multi‑month descending channel, with Binance top traders 72.52% long and the OI‑Weighted Funding Rate at +0.0018%. Momentum stayed weak, leaving a breakout above resistance as the key signal.

Bitcoin whales are depositing less to Binance in early 2026, just 15,800 BTC versus December's 37,133 BTC, leaving flows at 42.5% of last month. Daily whale transfers are under 2,200 BTC, while Bitcoin trades near $95,020 alongside strong U.S. spot ETF inflows above $750 million.

Altcoins gained momentum as Bitcoin’s dominance weakened and Ethereum emerged as a key driver of sentiment, with ETH/BTC trading at 0.03484. The Altcoin Season Index fell to 35 while Total 2 formed an ascending triangle around $1.29 trillion, and several privacy-focused altcoins recorded outsized gains.

On January 18, 2026, Lookonchain reported that a long-standing Bitcoin holder sold 500 BTC worth $47.77 million, part of a 5,000 BTC stash held for over a decade. The seller has been trimming since December 2024 at six-figure prices, and on-chain metrics show older holders have cooled while institutions absorb supply.

Shiba Inu closed below its 20-day moving average, breaking a key support that had underpinned bullish sentiment after the January 4 peak at $0.00000965. With SHIB trading around $0.00000840, the move exposes downside room toward the lower Bollinger Band near $0.00000718, implying a potential decline of about 14.36% if past patterns repeat. Momentum and volume readings now tilt bearish, as the 20-day average turns into resistance and buyers have yet to show strong defense around current levels.

Solana's network saw Active Addresses rise 56% week-on-week to 27.1 million and Weekly Transactions reach 515 million, while price rebounded into the $135.5-$147.1 support band. With SOL trading near $142 after breaking above a multi-month regression downtrend, momentum indicators and derivatives positioning now lean in favor of buyers as long as the $135.5 level holds.