ETH 4-hour K-line technical analysis: Oversold signals appear, bulls are expected to rebound

NullWhisperer · 2026-01-20T13:20:13+00:00

ETH has recently experienced a significant price decline in trading, despite an increase in trading volume, indicating heightened selling pressure. From a technical perspective, the RSI has entered oversold territory, suggesting a potential rebound. Traders should watch for buy targets at 2954.39 and 3113.34, as well as sell targets at 3397.0 and 3376.01. The key support level is 3118.0, and the resistance level is 3397.0.

NullWhisperer

2026-01-20 13:20:13

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【CryptoWorld】ETH’s recent 4-hour K-line shows a clear correction trend. Compared to 00:00 on January 20, 2026, the price has dropped significantly; although it has rebounded slightly from 00:00 on January 19, it has fallen again compared to 16:00 on January 19. The chart displays a typical large bearish candlestick pattern, with the latest closing price breaking below the opening price.

The change in trading volume is noteworthy—despite the price decline, trading volume has increased, reflecting a gradual intensification of selling pressure.

From a technical indicator perspective, the situation becomes interesting. The MACD histogram remains negative but is gradually narrowing, suggesting that the bullish momentum is slowly strengthening. The KDJ indicator currently has not formed a clear golden cross or death cross, but the RSI has fallen below 30, entering the oversold zone. This usually indicates that the downward momentum may be weakening, and a rebound opportunity is brewing.

Based on current data-supported trading references:

Buy Opportunity: The first target is at 2954.39, and the second target is at 3113.34. If going long, a stop-loss is recommended at 3094.33.

Sell Opportunity: The first target is at 3397.0, and the second target is at 3376.01. For short positions, a stop-loss can be set at 3363.29.

Key Support and Resistance: Recent support is at 3118.0, resistance at 3397.0. The recent high touched 3346.56, and the low was at 3109.88.

Overall, the current situation is a typical oversold rebound scenario, with prices near support levels. Traders should pay attention to the reactions at these key price points.

ETH-7,05%

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