January 16, 2026 $ETH 4-hour level is in a high-level oscillation correction phase after an upward trend

Trend Analysis:
The market has moved away from a single-sided strong rise, entering a high-level oscillation and consolidation phase, with a tendency to pull back.
1. The upward trend structure has not been completely broken: prices still remain above key supports (such as previous breakout levels, short-term moving averages), and the overall high and low points have not formed a descending sequence.
2. However, bullish momentum has significantly weakened: the MACD histogram turning negative is the clearest signal of momentum decay. Although trading volume has still increased during the oscillation, it can no longer support continuous breakthroughs of previous highs.
3. The market is in a phase of digestion and searching for new directions: after a rapid surge, the market needs time to digest profit-taking and awaits new fundamental or capital-driven catalysts.

Key Level Analysis

Key Support Levels:
1. 3280 - 3300 area: This is the lower boundary of the recent oscillation range and the low point of the correction on January 15, as well as the current position of the 20-period EMA fast line. This is the most important defense line for the bulls; if volume increases and it breaks down, the upward trend may end, turning into a deeper correction.
2. 3230 - 3250 area: Corresponds to the EMA slow line support and the platform high before the big rally on January 13. If 3280 is lost, this area will serve as the second strong support.
3. 3150 - 3180 area: The middle and starting point of the massive bullish candle on January 13, representing the vital line for trend reversal. Falling to this level almost signifies the end of this upward trend.

Key Resistance Levels:
1. 3380 - 3400 area: The upper boundary of the recent oscillation range and the recent high of the rally (3402.89). This is a strong resistance zone that requires significant volume and robust MACD momentum to break through effectively.
2. 3450 - 3500 area: If successfully broken through 3400, this zone will become the next psychological and technical resistance.

Trading Suggestions:
Aggressive: Observe for stabilization signals near the 3280-3300 support zone (such as long lower shadows, bullish candlestick patterns, MACD histogram strengthening), and attempt a light position to catch the rebound, targeting 3380. Strict stop-loss below 3250.
Conservative: Maintain a wait-and-see attitude, and wait for the market to make a clear directional choice. Clear signals include: 1) volume breakout and stabilization above 3400, indicating continuation of the uptrend; 2) volume breakdown below 3280 and closing below it, possibly signaling a deeper correction, at which point consider short opportunities or wait for lower entry points.

Risk Reminder:
Currently, MACD momentum is weakening, and RSI is at mid-high levels, which may lead to increased market volatility. Please closely monitor volume changes and the attack/defense status of key support/resistance levels.
#BTC #ETH #SOL #DASH #ZEN #LINK