Market Overview for Ethereum/Eurite (ETHEURI) – 24-Hour Summary

Summary
• Price tested key support at $2478.5 but bounced, forming a bullish reversal pattern.
• Momentum shifted post-noon ET with a sharp rally to $2546.46, pushing RSI into overbought territory.
• Volatility expanded post 8:15 AM ET, with volume spiking over 6.5x during the upper high.
• Bollinger Bands showed a wide channel during the breakout, suggesting potential for continuation.
• Turnover surged during the $2500–2550 range, confirming the breakout and bullish sentiment.

Market Overview

Ethereum/Eurite (ETHEURI) opened at $2491.1 on 2025-12-29 at 12:00 ET, reached a high of $2546.46, and closed at $2528.54 on 2025-12-30 at 12:00 ET. Total volume for the period was 47.62 units, with notional turnover of $12,774.38.

Structure & Formations

Price action from 12:00–6:00 ET showed consolidation between $2478.5 and $2495.92 before a sharp bullish breakout. A bullish engulfing pattern formed at the $2500–2507.39 level, followed by a strong green candle at 8:15 AM ET that pushed the price above $2540. Key resistance appears to be forming at $2546.46, while support levels at $2523.5 and $2515.34 were tested multiple times.

Moving Averages

On the 5-minute chart, the 20-period MA crossed above the 50-period MA early in the day, signaling a bullish crossover. The 50-period MA remained below the 100-period MA, suggesting medium-term bullish momentum. Daily moving averages are not fully calculable from this 5-minute dataset, but the trend appears to have turned higher.

Momentum and Volatility

RSI climbed above 70 during the breakout phase, indicating overbought conditions and potential for a pullback. MACD crossed into positive territory after 8:00 AM ET and maintained strength, confirming the bullish move. Bollinger Bands widened significantly after the breakout, with the price closing near the upper band—suggesting heightened volatility and continuation potential.

Volume and Turnover

Volume surged during the breakout phase, particularly at 8:15 AM ET, when a large candle pushed the price to $2546.46. Turnover also spiked in that timeframe, aligning with the price move and suggesting strong institutional or retail buying. Divergences in volume and price were minimal, indicating alignment between sentiment and price.

Fibonacci Retracements

Applying Fibonacci to the recent 5-minute swing from $2478.5 to $2546.46, key levels of 61.8% ($2524.10) and 50% ($2512.48) were tested. The price stalled near the 61.8% level during the afternoon, suggesting it may act as a key inflection point for the next 24 hours.

In the next 24 hours, Ethereum/Eurite may test $2546.46 as a resistance level and look for a continuation or consolidation phase. A break above $2546.46 could target $2565, while a pullback to $2515–2520 would test immediate support. Investors should monitor divergence between volume and price and RSI for early signs of exhaustion.