January 9 | ETH Price Trend Analysis

Core Viewpoints

• Current Price (as of January 9, 2026, 09:43): approximately $3,093, 24h change ≈ -2.5%, trading volume ≈ $23–24 B
• Short-term Outlook: 1H and 4H indicators are bearish, but the daily MACD remains above the zero line; if it holds above $3,000, the rebound target is $3,200–3,258, otherwise it may retest $2,948
• Key Support: $3,085 (1H), $3,061 (4H), $2,948 (1D)
• Key Resistance: $3,138 (1H), $3,186 (4H), $3,258 (1D)

Derivatives Observation

Analysis

1. Futures leverage continues to decline, indicating short-term sentiment turning cautious; but options open interest is concentrated near at-the-money, implying market expectations of range-bound oscillation.
2. Large long leverage is concentrated at $3,000–3,050, serving as a dividing line between bulls and bears; if it holds steady, short sellers may cover or push the price to test $3,138 / $3,186.
3. Overall funding rates are slightly positive, with long and short forces roughly balanced; combined with narrowing Bollinger Bands, a directional choice may be imminent in the short term.

(All data above is sourced from 2026-01-09 01:42 UTC and subsequent updates, converted to Beijing time.)