Market Overview for IoTeX/Ethereum (IOTXETH)

Summary
• Price declined from 2.59e-06 to 2.51e-06, with bearish momentum confirmed by RSI divergence.
• Volatility expanded near 2.52e-06 high but failed to break above, signaling potential resistance.
• Volume surged twice near key levels but failed to confirm a breakout, suggesting indecision.

Market Overview

IoTeX/Ethereum (IOTXETH) opened at 2.59e-06 on 2025-12-14 at 12:00 ET and closed at 2.51e-06 on 2025-12-15 at 12:00 ET, reaching a high of 2.59e-06 and a low of 2.48e-06. Total volume across the 24-hour window was 990,342.0 IOTX, and turnover stood at $2.475 (based on ETH price and IOTXETH value).

Price action showed a clear bearish tilt, with the asset struggling to reclaim 2.56e-06 as a key support-turned-resistance level. A large bearish candle formed around 2.59e-06 high, indicating rejection.

The RSI dipped below 40, signaling weak momentum, while MACD remained negative, with the signal line crossing below zero to confirm bearish pressure. Bollinger Bands showed moderate volatility, with price lingering near the lower band for much of the day.

Volume spiked near 2.52e-06 and again near 2.56e-06, but price failed to follow through, pointing to potential exhaustion. Fibonacci retracement levels suggest 2.53e-06 and 2.51e-06 as key watchpoints for near-term support.

The market may test 2.48e-06 as the next key level in the coming 24 hours, with a potential bounce or breakdown expected. Investors should remain cautious as indecision in volume and price could lead to choppy, sideways action or a sharp pullback.