**Time Range**: 2026-01-27 08:00:00 ~ 2026-02-07 00:00:00
**Data Nature**: Real-time Candlesticks
## Candlestick Pattern Deep Analysis
1. **Early January peak around $3,044.55** - Double top formation with subsequent bearish engulfing pattern - Strong bearish signal
2. **Mid-January (around 01-30)** - Large red candle breaking below EMA25 support - Bearish momentum confirmation - Strong signal
3. **Late January to early February** - Descending triangle formation with lower highs - Bearish continuation pattern - Medium signal
4. **Early February (around 02-03)** - Small bullish engulfing pattern near $2,200 - Temporary bullish reversal attempt - Weak signal
5. **Mid-February (around 02-06)** - Long red candle reaching $1,741.12 - Capitulation selling - Strong signal
6. **Latest candlesticks (02-06 to 02-07)** - Three consecutive green candles forming a V-shaped recovery from the low - Potential bullish reversal - Medium signal
## Technical Indicator Analysis
1. **EMA Lines**:
- EMA25 (2,119.81) positioned above current price indicating bearish bias
- EMA99 (2,545.45) and EMA7 (1,983.35) both trending downward, confirming strong bearish trend
- Price currently attempting to cross above EMA25, potential early sign of bullish reversal
2. **MACD**:
- MACD line (9.82) showing recent bullish crossover from negative territory
- Histogram bars turning green after extended red period
- DIF (-115.98) and DEA (-125.80) values still negative but improving
- Early bullish divergence forming between price and MACD
3. **Volume Analysis**:
- Significant volume spike coinciding with the recent bottom at $1,741.12
- Recent green candles accompanied by increasing volume, confirming buying interest
- Volume profile suggests accumulation phase beginning
## Support and Resistance Levels
**Support Levels**:
- Immediate: $1,900 (recent consolidation area)
- Strong: $1,740 (recent bottom with high volume)
- Major: $1,600 (psychological level)
**Resistance Levels**:
- Immediate: $2,120 (EMA25 level)
- Medium: $2,250 (previous consolidation zone)
- Major: $2,550 (near EMA99)
## Comprehensive Technical Evaluation
ETH-USDT has experienced a significant downtrend from January peaks around $3,044 to lows of $1,741. The price action shows a classic bearish trend with lower highs and lower lows until recently. The most recent price action indicates a potential reversal attempt with three consecutive green candles forming after reaching the bottom.
The technical indicators show early signs of bullish momentum building, with MACD showing a recent bullish crossover and improving histogram. Volume profile confirms genuine buying interest at lower levels, particularly at the recent bottom.
## Conclusion
ETH-USDT is showing early signs of a potential trend reversal after a significant downtrend. The recent V-shaped recovery from $1,741.12 with increasing volume suggests accumulation. Traders might consider:
1. **Short-term strategy**: Look for confirmation of the reversal with continued green candles and increased volume above EMA25 ($2,120)
2. **Risk management**: Place stops below the recent low of $1,741.12
3. **Caution points**: Watch for rejection at EMA25 which could lead to another test of lower levels
Remember that this is a recovery attempt within a larger downtrend, so caution is warranted. The overall market structure remains bearish until price can break above the descending trendline and EMA99.