Technical Analysis

Ethereum slipped below $2,800 before rebounding toward $2,900, with price recently near $2,897. According to CryptoQuant, the 30‑day SMA of the Coinbase Premium Index fell to -0.08, the lowest since early 2023, signaling softer US institutional demand. With the 50/100 MAs above price and momentum weak, $3,000–$3,250 remains a key resistance zone.

XRP trading activity surged, with 24-hour volume up 214% to $3.34 billion as the broader crypto market reeled from $745 million in liquidations. The token slipped to $1.80 on Sunday and touched $1.83 early Monday before stabilizing near $1.88, while ETF outflows and a negative MVRV reading underscored fragile sentiment ahead of the Federal Reserve meeting.

On January 23, 2026, the Ethereum Foundation formed a Post‑Quantum security team led by Thomas Coratger, with Emile joining, per Justin Drake. The article's technical analysis highlights RSI and MACD strength and maps potential targets near $5,000 and a stretch scenario to $10,000. Vitalik Buterin has previously estimated a 20% chance that quantum computers could break modern cryptography by decade's end.

Bitcoin’s next all-time high now hinges on whether spot ETF demand turns persistent after sharp two-way flows. Net outflows totaled $1.29 billion from Dec. 15–31, 2025, with early January 2026 shedding $681 million, then a +$840.6 million day on Jan. 14 followed by roughly $1.32 billion of outflows across Jan. 20–23 ahead of the Jan. 27–28 FOMC meeting.

Chris Burniske, cofounder of Placeholder VC and former crypto lead at Ark Invest, has outlined several Bitcoin price regions where he would consider buying if the ongoing decline deepens, after gaining recognition for timing past cycle turning points. His reference zones span from the mid-$80,000s to the low-$50,000s, with specific levels such as around $80,000, $74,000, $70,000, $58,000 and $50,000 and below, while technician Aksel Kibar highlights technical support in the $73,700–$76,500 band as part of a broader base-building phase. At press time, Bitcoin was changing hands at $87,812.

Wallet 0x519Fe moved 61.63 billion SHIB through Coinbase's hot wallet at the start of February, leaving a zero balance as SHIB traded near $0.00000776 with support around $0.0000075. February has averaged 9.26% for SHIB, including 41.3% in 2024, while recent price action shows a failed mid-January breakout and steady volume.

Ethereum is hovering near $2,900, down 1% on the day and over 10% this week. Analysts flag a 3‑day bear flag and say a close back above $2,906 is needed to avert downside, with a pattern target near $1,666. Derivatives metrics show open interest at 5.255 million and funding at 0.0011.

On January 26, Ethereum (ETH) added 0.36% over the past day and was trading near $2,940 while testing resistance at $2,934. After a false break of $2,791 support and with volumes subdued, a breakout could target the $3,000 area, but a $2,900–$3,000 range looks more likely in the coming days.

Markets were on alert over the weekend after reports of New York Fed "rate checks" in USD/JPY, a move often seen as a precursor to coordinated action. Traders note that prior yen interventions coincided with roughly 30% Bitcoin drawdowns before rallies surpassing 100%. According to Alphractal, onchain metrics show no "true bottom" yet, with risks of another leg lower.

Bitcoin has rebounded from $84,000 to near $93,000 and is consolidating around $91,400 as exchange selling pressure and whale deposits decline. On-chain metrics point to weakened short-term holder activity and a potential move toward the $98,700 resistance, with some traders eyeing the $102,000–$112,700 zone if momentum builds. Analysts describe the setup as fragile but improving, with macro policy expectations and subdued ETF inflows still shaping the next major breakout.