Overview of Today's Market (January 31, 2026)
- Opening Price: $3,314.49
- Closing Price: $3,350.00
- Highest Point: $3,400.00
- Lowest Point: $3,250.00
- Amplitude: Approximately 4.5%
Main Fluctuation Phases
The day began with a steady climb from the opening price, reaching a peak of $3,400. In the afternoon, Ethereum surged to $3,400 before experiencing a rapid decline to around $3,250, ultimately closing at $3,350.
Trading Volume and Capital Flow
- Total Trading Volume: Approximately $1.2 billion
- Liquidation Data: The entire network saw liquidations totaling approximately $22 million, with a long-short ratio of 1.2:1, indicating a slight preference for long positions.
Technical Analysis
Key Patterns
- The day featured a bullish engulfing candlestick pattern, suggesting potential upward momentum.
- Bollinger Bands are widening, indicating increased volatility, while the Exponential Moving Average (EMA) shows a bullish crossover.
Indicator Signals
- Relative Strength Index (RSI): Currently at 55, indicating a neutral stance (not overbought or oversold).
- MACD: Recently exhibited a golden cross, suggesting bullish momentum.
Support/Resistance Levels
- Support Level: $3,250
- Resistance Level: $3,400
Market Sentiment and Capital Dynamics
Major Players' Behavior
Institutional investors are actively accumulating Ethereum, leveraging the recent price dips as buying opportunities.
Institutional Movements
Grayscale funds have seen a net inflow of approximately $150 million this week, while Ethereum ETFs recorded a net outflow of $50 million, reflecting mixed sentiment.
Retail Investor Sentiment
Retail investors appear cautious, with liquidation data suggesting a tendency to sell on dips rather than chase rises.
Macro and Policy Impacts
Federal Reserve Signals
Recent comments from the Federal Reserve indicate a cautious approach to monetary policy, with no immediate rate hikes anticipated, which may support crypto prices.
SEC Regulatory Developments
Ongoing discussions regarding the classification of Ethereum as a security continue to influence market sentiment, though no definitive actions have been taken.
Global Market Linkage
The performance of U.S. stocks has been mixed, with gold prices rising, suggesting a flight to safety that may impact risk assets like Ethereum.
Tomorrow's Strategies and Risk Warnings
Operation Suggestions
If Ethereum breaks below the support level of $3,250, consider looking for a target around $3,150. Conversely, if it stabilizes above $3,350, a long position may be advisable with caution.
Events to Monitor
Keep an eye on upcoming macroeconomic data releases and any announcements from the Federal Reserve that could impact market sentiment.
Explore more exclusive insights at nextfin.ai.