Ethereum (ETH) is testing the previous low again, maintaining its weakness on the daily chart. There's a probability of a new low in the early morning. On the 4-hour chart, it's facing short-term resistance from the 7-day moving average (MA7), and the Bollinger Bands are widening downwards. The previous low is around 2620. The early morning price action can be treated as a false break or a false break below this low. Personally, I lean towards a false break, so I'm considering placing a buy order below this level in the early morning. My early morning order for ETH at 2605 (January 31st) is a long position with a stop-loss at 2575 and a target of 2730. This is just my personal opinion and for reference only.
Ethereum pre-order sharing at midnight on January 31st
2026-01-30 16:35:25
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