ETC Technical Analysis Jan 29

Today’s short-term outlook for ETC is shaped by weak momentum; $11.32 resistance is critical, and in case of a downward break, $11.00 supports should be monitored. Tight levels are in focus for quick scalp opportunities.

Short-Term Market Outlook

ETC is trading at $11.30 as of January 29, 2026, showing a negative picture with a %2.25 decline over the last 24 hours. The intraday range stayed between $11.27-$11.62, with volume at a moderate $35.78M. The short-term trend is downward; price is positioned below EMA20 ($11.46), giving a bearish signal. RSI at 41.74 is in the neutral zone but approaching oversold, while MACD shows a positive histogram indicating mild bullish divergence. Supertrend is bearish and highlights $11.95 resistance. For the next 24-48 hours, downtrend pressure dominates, but contradictions in momentum carry potential for quick reversal. Multi-timeframe (1D/3D/1W) shows 9 strong levels: 1D with 1 support/2 resistances, 3D balanced, 1W symmetric distribution. In this context, $11.32 area is the pivot for intraday traders; upward break would increase momentum, downward would accelerate. Risk is high; for short-term trades, keep capital management tight and position stop-losses at tight levels.

Intraday Critical Levels

Nearby Support Zones

Immediate supports at $11.1983 (score:60/100) and $11.0000 (score:65/100). $11.1983 is the first test point; it’s above daily lows ($11.27) and ideal for quick bounce. On break, $11.0000 psychological support comes into play, strong on 1D timeframe (65 score). For invalidation, watch below $10.99, as $10.3064 downside target (score:22) opens up. Scalp traders can target long bounces between $11.20-$11.19, but be cautious on low-volume tests.

Nearby Resistance Zones

Near resistances at $11.3200 (score:91/100, strongest), $11.6102 (71/100), and $11.9565 (69/100). $11.32 is just above current price and below intraday high ($11.62); it’s near EMA20 and aligns with Supertrend resistance. Volume increase is required for break. $11.61 is mid-term target, $11.95 is Supertrend line – rejection here strengthens downtrend. Short opportunities on tight resistances can be sought on rejection above $11.32, invalidation above $11.35.

Momentum and Speed Analysis

Short-term momentum is mixed: RSI 41.74 shows selling pressure easing but remains bearish below 50. MACD histogram expanding positively gives bullish momentum signal, implying acceleration potential on tests above $11.32. Supertrend bearish signal keeps speed downward; it won’t change unless price approaches $11.95. Volume at $35M is low, but BTC correlation allows sudden spikes. On 4-hour, there’s consolidation within downtrend channel; channel lower band $11.20, upper $11.60. For speed analysis: RSI crossing 50 above is momentum shifter, below 35 is oversold bounce. For intraday speed, watch $11.32 breakout/volume spike – short-term traders should target scalp zones ($11.28-$11.33) on 15-30min timeframes. Risk: False breaks are high, always use quick invalidation.

Short-Term Scenarios

Upside Scenario

Bullish scenario triggers on close above $11.3200 (91 score resistance break). First target $11.6102, then $12.2491 upside with momentum (58 score). Trigger: MACD histogram expansion + RSI above 50. Duration: 12-24 hours. Cancellation: Close below $11.1983 (quick short squeeze risk). Swing traders can consider $11.32 longs with $11.50 TP, stop $11.25. Volume confirmation required, strong if BTC stable.

Downside Scenario

Bearish scenario activates on break below $11.1983. Targets $11.0000, then $10.3064. Trigger: Supertrend bearish continuation + EMA20 rejection. Duration: 6-24 hours. Cancellation: Rejection above $11.32. Scalp shorts between $11.30-$11.32, TP $11.15, stop $11.35. Downtrend speed is high; synchronizes with BTC decline. Risk: Oversold RSI bounces can create sudden long spikes.

Bitcoin Correlation

ETC has high correlation to BTC (as altcoin, %80+). BTC at $87,858 with -%1.58 decline in downtrend; supports $87,571 / $86,781 / $86,075. Resistances $88,566 / $89,418 / $90,539. BTC Supertrend bearish – caution for ETC: If BTC breaks $87,571, ETC dragged to $11.00s. If BTC above $88,566, ETC tests $11.61. Watch: If BTC dominance rises, ETC weakens; hedge short-term ETC positions according to BTC levels. Details for ETC Spot Analysis and ETC Futures Analysis.

Daily Summary and Monitoring Points

Today’s main watch: $11.3200 resistance break / $11.1983 support test. With momentum contradictions, volatility is high; downtrend dominant in 24-48 hours but MACD bullish hint offers reversal chance. Key points: 1) Voluminous $11.32 breakout? 2) Acceleration below $11.20? 3) BTC $87.5k behavior. Short-term trading is high risk – max %1-2 risk/trade, quick stops mandatory. No news but macro BTC effect dominant. Scalp zones: Support bounce $11.19-$11.22, resistance rejection $11.30-$11.33. Capital protection priority; don’t overtrade.