Market Overview: Ethereum/Zloty (ETHPLN) Daily Technical Summary

Summary
• ETHPLN tested key support near 10,375 and bounced, forming bullish reversal patterns.
• Volume surged near the 10,424–10,542 recovery, confirming momentum.
• MACD signaled weakening bearish momentum, while RSI suggested oversold conditions.

Market Overview

Ethereum/Zloty (ETHPLN) opened at 10,635 on 2025-12-25 at 12:00 ET–1, reached a high of 10,707, and closed at 10,597 as of 12:00 ET on 2025-12-26. Total volume was 10.74, with a notional turnover of approximately 113,420.

Structure & Formations

Price found critical support near 10,375, bouncing with a bullish reversal pattern. A 5-minute doji formed at the 10,394–10,389 level, indicating indecision. A subsequent engulfing pattern near 10,424–10,463 suggested a potential short-term reversal. The 10,597–10,640 area now appears as immediate resistance.

Volume & Momentum

Volume spiked during the recovery from 10,375 to 10,463, with a large 5-minute candle at 10,463–10,467 confirming buying interest. MACD transitioned from bearish to neutral, signaling weakening downward momentum. RSI hit oversold levels during the 10,375–10,424 bounce, suggesting a potential rebound.

Volatility and Bollinger Bands

Volatility expanded during the 10,375–10,707 swing, with price briefly crossing above the upper Bollinger Band at 10,707. The contraction following the peak suggests a period of consolidation may be forming.

Key Levels and Fibonacci

Fibonacci retracement levels from the 10,375–10,707 swing suggest 10,532 (38.2%) and 10,471 (61.8%) as potential support. Resistance is expected near 10,618 and 10,640.

Outlook and Risk Note

Price appears to be consolidating after the 10,375 support test. A break above 10,640 could attract further buyers, but a retest of 10,424–10,463 may be required for confirmation. Investors should remain cautious of volatility during key resistance tests over the next 24 hours.