AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
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

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.
Decoding market patterns and unlocking profitable trading strategies in the crypto space

Dec.25 2025

Dec.25 2025

Dec.25 2025

Dec.25 2025

Dec.25 2025
Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet