Market Overview for Ethereum Classic/Tether (ETCUSDT) – 2025-12-12

Summary
• Price broke a key 5-min resistance near 13.23 before consolidating with mixed momentum.
• RSI signaled overbought conditions twice, suggesting potential for near-term correction.
• Volume spiked during the late ET surge but declined after 17:00 ET, hinting at reduced conviction.
• A bearish engulfing pattern formed on the daily chart as price closed below the 200-period moving average.
• Bollinger Bands expanded during the morning rally, reflecting increased volatility and trader uncertainty.

Ethereum Classic/Tether (ETCUSDT) opened at 13.04 on 2025-12-11, reached a high of 13.36, and closed at 13.18 as of 12:00 ET on 2025-12-12. Total volume amounted to 232,237.92 ETHC, with turnover of $3,042,244.

Structure and Key Levels

The 24-hour chart shows a bearish shift following a failed attempt to maintain above 13.33, a level previously acting as a key resistance. A breakdown below 13.26 suggests a short-term test of the 13.0–13.08 support zone. On the 5-min chart, a bearish engulfing pattern formed around 13:30 ET, confirming a reversal in bullish momentum.

Trend and Moving Averages

On the 5-min chart, price initially moved above the 20 and 50-period moving averages but failed to maintain the bullish trend. The 200-period daily moving average at ~13.15 now appears to be a critical level for near-term sentiment.

Momentum and Divergence

MACD showed a bullish crossover in the early session, but the RSI reached overbought territory near 13.36 and then pulled back sharply. This divergence may indicate exhaustion in the short-term upleg. A bearish cross in the MACD after 17:00 ET aligns with the price pullback to 13.17.

Volatility and Volume

The 5-min Bollinger Bands expanded during the morning rally, confirming the heightened volatility. The largest volume spike occurred around 13:30–14:30 ET when price surged from 13.18 to 13.33. However, a noticeable volume drop followed the high, suggesting weakening buying pressure.

Pattern and Fibonacci Insights

A 61.8% Fibonacci retracement level was formed around 13.08–13.11 after the 13.0–13.36 swing. This area is likely to act as a magnet for price in the next 24 hours. The doji formed around 13:18–13:30 ET also signal indecision, supporting the view that a range-bound move may follow.

Price appears to be consolidating within a key bearish structure, and a break below 13.08 could trigger a deeper test of earlier support levels. Traders should remain cautious of potential volatility spikes or news-driven corrections. As always, position sizing and stop-loss placement should be carefully considered ahead of the next 24-hour cycle.