Key levels on Bitcoin and Ethereum

We flagged a tactical upside breakout for Bitcoin (BTC/USD) in Straight from the Chart on January 14, 2026, but Bitcoin rolled over shortly thereafter to invalidate that bullish pattern.

The key levels for Bitcoin (BTC/USD) are as follows:

• Potential supports:

  • 70,888-69,822 (50% retracement of the November 2022 to October 2025 advance and the 61.8% extension of the October-November 2025 decline projected down from the mid January lower high at 97,963)

  • 58,037-57,812 (rising 200-week moving average and 61.8% retracement)

  • 52,428 (100% extension)

• Potential resistances:

  • 80,760-83,965 (prior low from November and broken 38.2% retracement level for the April-November rally)

  • 88,170 (declining 13-week moving average)

  • 97,963 (lower high from mid January)

Chart 1: Bitcoin (BTC/USD): Weekly chart

We highlighted the potential for a tactically bullish breakout for Ethereum (ETH/USD) in the January 16, 2026, The Chart Check report. Ethereum failed to confirm this pattern and quickly reversed lower to invalidate the setup.

The key levels for Ethereum (ETH/USD) are as follows:

• Potential supports:

  • 1998 (61.8% extension of the August-November 2025 decline projected down from the early December lower high at 3436)

  • 1384 (April 2025 low)

  • 1110-1074 (100% extension and the November 2022 low)

• Potential resistances:

  • 2630-2749 (prior low from November and broken 61.8% retracement level for the April-August rally)

  • 2938 (declining 13-wek moving average)

  • 3170 (broken 50% retracement)

  • 3320-3437 (rising 40-week moving average and lower high from early December)

Chart 2: Ethereum (ETH/USD): Weekly chart