Market Overview for Ethereum/Zloty (ETHPLN)

Summary
• ETHPLN formed a bearish engulfing pattern after hitting a 24-hour high of 11277.
• Price retested 11100–11200 range with volume diverging below key support levels.
• RSI signaled oversold conditions near 11093, but failed to trigger a meaningful bounce.
• Volatility expanded during the 1500–1600 ET sell-off, with a low of 11093.
• Fibonacci retracement levels suggest possible bounce near 11170–11190 in next 24 hours.

Ethereum/Zloty (ETHPLN) opened at 11216 on 2025-12-13 at 12:00 ET, peaking at 11277 before closing at 11093 on 2025-12-14 at 12:00 ET. Total traded volume was 11.47 ETH, with a notional turnover of approximately 125,780 PLN.

Structure & Formations

A bearish engulfing pattern formed between 043000 and 051500 ET, following a sharp rise from 11238 to 11277. This signaled potential exhaustion in the bullish momentum. Later in the session, a breakdown below the 11150 level reinforced bearish sentiment.

Moving Averages

On the 5-minute chart, the price spent much of the day below the 20- and 50-period SMAs, suggesting short-term bearish bias. Daily MAs (50, 100, 200) are not available in this dataset but would likely show a mixed signal without further context.

Momentum and Volatility

MACD crossed into negative territory during the 14:00–16:00 ET window, while RSI briefly hit oversold levels near 11093, failing to attract buyers. Bollinger Bands widened as volatility increased, with the price settling at the lower band near the session close.

Volume and Turnover

Volume surged during the sell-off from 11174 to 11093, with over 1.2 ETH traded in that range. Turnover spiked during the 150000–153000 ET period as ETHPLN dropped from 11181 to 11097. However, volume remained weak during attempted bounces, indicating lack of conviction in bullish reversals.

Fibonacci Retracements

Fibonacci retracements on the 11093–11277 swing show a 38.2% level at 11172 and a 61.8% at 11133. These levels may offer temporary support for a near-term bounce, but a break below 11100 could target 11050–11070.

Looking ahead, ETHPLN appears to be testing the lower bound of a range-bound consolidation, with key support near 11100–11130. A breakout below that could extend the bearish trend. Investors should monitor volume during any attempted rebound for signs of follow-through or exhaustion.