Market Overview: Ethereum Classic/Tether (ETCUSDT) – 24-Hour Technical Summary

Thursday, Dec 25, 2025 12:39 pm ET1min read
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- ETCUSDT formed bearish engulfing/doji patterns at 12.10, signaling momentum shift after hitting 12.05 resistance.

- Volume spiked to 1,602.7 BTC at 12.14 before sharp reversal, confirming failed breakout and heightened volatility via expanded Bollinger Bands.

- RSI hit oversold 30 during selloff, while Fibonacci levels at 11.86-12.05 acted as dynamic support/resistance during 11.86-12.14 consolidation.

- 50-period SMA (12.00-12.05) and 11.89 breakout risk suggest potential 11.85-11.90 pullback amid bearish divergence and exhausted bullish attempts.

Summary
• Price formed bearish engulfing and doji patterns after reaching 12.05.
• Volume spiked near 12.14 with 1602.7 BTC turnover before sharp reversal.
• RSI entered oversold territory near 30 during late-night selloff.
• Bollinger Bands expanded after 03:00 ET reflecting heightened volatility.
• Fibonacci levels at 11.90 and 12.05 acted as temporary supports and resistances.

Ethereum Classic/Tether (ETCUSDT) opened at 11.96 on 2025-12-24 12:00 ET, reached a high of 12.14, fell to a low of 11.86, and closed at 11.92 at 12:00 ET. Total volume was 115,043.95, with turnover of 1,378,525.16 USD.

Structure & Formations


Price showed bearish exhaustion with a long-legged doji near 12.10 and a bearish engulfing pattern at the same level. These patterns suggest a shift in momentum as bulls failed to hold key resistance. A bullish reversal pattern formed near 11.89, indicating short-term buyers could re-enter.

Moving Averages and Momentum



On the 5-minute chart, the 20-period and 50-period SMAs crossed bearishly around 12.05, confirming a near-term downturn. The 50-period daily SMA appears to be in the 12.00–12.05 range and may act as resistance. The MACD showed bearish divergence in the early morning, while RSI bottomed near 30, signaling potential oversold conditions.

Volatility and Volume


Bollinger Bands expanded after 03:00 ET as price surged above 12.10 and then collapsed back to 11.90. This suggests heightened uncertainty and increased volatility. Volume spiked at 12.14 with 1602.7 BTC turnover, followed by a sharp reversal, indicating a failed breakout.

Fibonacci Retracements


Key Fibonacci levels at 12.05 (61.8%), 11.90 (61.8% of the earlier drop), and 11.86 (78.6%) played structural roles. Price bounced from 11.86 and found temporary support at 11.90 before continuing lower.

Given the bearish momentum and overbought readings at 12.14, a pullback toward 11.85–11.90 could be expected in the next 24 hours. Investors should watch for a break of 11.89 as a potential trigger for further declines.