Market Overview for Ethereum/Argentine Peso

Summary
• ETHARS formed a bearish engulfing pattern at 4,695,528 ARS and later a bullish rejection near 4,654,641 ARS.
• Price spent most of the 24-hour period consolidating between 4,665,747 ARS and 4,704,414 ARS.
• Low volume activity limited directional momentum, with a 0.18% price drop and 35.8% volatility range.
• 20-period moving average acted as a transient support zone in the last 6 hours.
• RSI hovered near 40–50, suggesting neutral momentum with no clear overbought/oversold signals.

Ethereum/Argentine Peso (ETHARS) opened at 4,688,880 ARS and traded as high as 4,704,414 ARS before closing at 4,654,641 ARS on 2025-12-14 at 12:00 ET. The 24-hour volume was 0.84894 ETH, with a turnover of approximately 389,000,000 ARS.

Structure & Formations

The 5-minute chart displayed a bearish engulfing pattern at the top of a key resistance level near 4,695,528 ARS, suggesting initial bearish pressure. A later bullish rejection near 4,654,641 ARS indicated short-term support, though the pattern lacked strong volume confirmation.

Price remained range-bound between 4,665,747 ARS and 4,704,414 ARS for much of the session, indicating limited directional bias and high uncertainty.

Moving Averages

The 20-period and 50-period moving averages on the 5-minute chart provided transient support in the final 6 hours of the session, with price testing but not decisively breaking through these levels. Daily chart moving averages were not clearly defined due to the low-volume profile and limited price movement over a 24-hour period.

Momentum Indicators

MACD remained neutral, with no clear divergence from price. The RSI hovered in the 40–50 range for much of the 24-hour window, indicating neither strong bullish nor bearish momentum. No overbought or oversold conditions were observed, suggesting a lack of conviction in any direction.

Bollinger Bands

Bollinger Bands showed moderate volatility, with price frequently touching the upper and lower bands. The most notable expansion occurred around 02:45 ET when price surged to 4,704,414 ARS. Volatility then narrowed as price settled into a tighter range near the 4,685,555 ARS–4,695,528 ARS zone.

Volume and Turnover

Turnover spiked at key price pivots, particularly at 22:00 ET (0.03384 ETH) and 02:45 ET (0.00148 ETH), but otherwise remained low. Price and turnover showed slight divergence after 04:45 ET, as price dropped to 4,695,528 ARS but with minimal volume, suggesting limited selling pressure.

Fibonacci Retracements

Recent 5-minute swings placed 38.2% and 61.8% retracement levels near 4,685,555 ARS and 4,670,645 ARS, respectively. These levels were tested multiple times, with the 61.8% retracement offering a potential floor for the next 24 hours.

Price may test 4,670,645 ARS as a key support level in the next 24 hours, with a potential break below indicating a deeper correction. Investors should watch for a breakout or breakdown as early as Friday, while remaining cautious about low volume driving erratic price swings.