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Summary
• Ethereum/Zloty traded in a volatile range today, hitting a high of 12,958 and a low of 12,365.
• Volume spiked at key reversal levels, with a total 24-hour volume of 24.695 ETH and turnover of approximately 315,526 PLN.
• A potential bullish reversal pattern emerged in the early hours of the morning session.
Ethereum/Zloty (ETHPLN) opened at 12,471 on 2025-11-12 at 12:00 ET and reached a high of 12,958 before closing at 12,899 on 2025-11-13 at 12:00 ET. The pair traded between 12,365 and 12,958 over the 24-hour period, with a total volume of 24.695 ETH and a notional turnover of approximately 315,526 PLN.
Key support levels were identified near 12,500 and 12,450, where the price found multiple bounces and retests over the 24-hour window. On the higher end, resistance emerged around 12,636 and 12,736, with the price breaking through the latter on a strong bullish candle around 04:30 ET. A notable Bullish Engulfing pattern appeared near 04:30 ET, with ETHPLN forming a large bullish candle engulfing a preceding bearish one, indicating a potential short-term reversal.
The 20-period moving average (15-min chart) crossed above the 50-period line in the morning session, signaling a bullish crossover. Meanwhile, the 50-period moving average (daily chart) remained below the 200-period line, indicating a longer-term bearish bias. The MACD turned positive in the morning session, supporting the bullish
, while the RSI hit oversold levels below 30 at 12,450 before rebounding, suggesting a potential short-covering opportunity.Volatility was evident in the Bollinger Bands, with the price bouncing between the upper and lower bands multiple times. A notable contraction occurred around 12,500 before an expansion phase began at 04:30 ET, signaling an impending price move. The Fibonacci 61.8% retracement level of the previous bearish move sat near 12,500, which coincided with the price finding support multiple times.
Backtest Hypothesis
The appearance of the Bullish Engulfing pattern near 04:30 ET provides a potential entry signal for a short-term long position. Given the context of a 20/50 MA crossover and the RSI rebound from oversold territory, a 3-day holding period could yield a profitable outcome if the pattern holds. However, the backtest would require a valid price series for ETHPLN or a synthesized ETH-USD and PLN-USD combination for accurate results. If provided with the correct ticker (e.g., “BINANCE:ETHPLN”) or a list of historical Bullish Engulfing dates, the performance over the next three trading days could be evaluated. This strategy would serve as a confirmation of the pattern’s effectiveness in the Ethereum/Zloty pair’s unique volatility and liquidity conditions.

Over the next 24 hours, Ethereum/Zloty appears poised for a test of the 12,950–13,000 level, with a bullish breakout potentially confirming a short-term upward trend. However, caution is warranted if the 20-period moving average fails to hold above the 50-period line, which could trigger a pullback toward 12,500. Investors should monitor the 20/50 MA crossover and RSI levels for confirmation of the next directional bias.
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