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Summary
• Price action formed a bearish reversal pattern near $12.00 after a sharp decline to $11.68.
• Volume spiked during the early hours, with price failing to retest key resistance at $11.95–12.00.
• RSI indicates oversold conditions, but momentum remains weak, suggesting potential consolidation ahead.
Ethereum Classic/Tether (ETCUSDT) opened at $12.04 on 2025-12-25 12:00 ET, reached a high of $12.04, and closed at $11.82 on 2025-12-26 12:00 ET. The total 24-hour volume was 158,246.32, with a notional turnover of $1,885,689.37.
Structure & Formations
Price action formed a bearish reversal pattern near $12.00 after a sharp decline to $11.68. A bearish engulfing pattern emerged during the early morning hours, confirming bearish bias. Support levels appear to be forming around $11.70–11.80, while resistance remains at $11.95–12.00. A doji appeared at $11.80, suggesting indecision.
Moving Averages

Momentum & Volatility
The RSI indicator dipped into oversold territory near 25 during the decline to $11.68, indicating a potential bounce. However, weak momentum and shallow price retracements suggest traders are cautious. Bollinger Bands widened during the drop, reflecting higher volatility. Price remains within the bands, which is consistent with a continuation phase.
Volume & Turnover
Volume surged during the early morning decline, particularly between 23:00 and 00:30 ET, with a peak turnover of over $180,000. However, volume failed to confirm bullish attempts on retests above $11.95, indicating waning buyer interest.
Key Levels & Projections
Fibonacci retracement levels from the recent $12.04 to $11.68 move indicate key support at 61.8% ($11.77) and 38.2% ($11.86). A retest of the 50% level at $11.86 may test buying strength before a potential bounce.
Ethereum Classic/Tether could test key support levels in the next 24 hours, with a possible bounce from $11.70–11.80 if short-term buyers re-enter. However, a breakdown below $11.68 could trigger further bearish momentum. Investors should watch for volume confirmation on any attempted retests above $11.95.
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