Market Overview for Ethereum/Eurite on 2025-12-12

Summary
• Ethereum/Eurite traded between $2,700.92 and $2,781.68, with key resistance near $2,769.57 and support around $2,754.5.
• Momentum diverged in late hours, as price declined while volume increased, hinting at potential reversal.
• Volatility expanded mid-day, with price reaching the upper Bollinger Band before consolidating.
• A bullish engulfing pattern formed after 22:30 ET, suggesting short-term buying pressure.
• RSI approached overbought territory twice, but failed to break above 70, indicating capped upside.

Ethereum/Eurite (ETHEURI) opened at $2,706.82 on 2025-12-11 12:00 ET, peaked at $2,781.68, dipped to $2,700.92, and closed at $2,763.53 on 2025-12-12 12:00 ET. Total 24-hour volume was 30.2362, and turnover reached $84,684.46.

Structure & Formations

The 24-hour chart showed a consolidation phase following a strong mid-day rally. Key resistance clustered around $2,769.57, where the price hesitated multiple times. Support was confirmed at $2,754.5 and $2,742.75 during pullbacks. A bearish rejection occurred at $2,769.57 in the late evening, while a bullish engulfing pattern emerged at 22:30 ET, signaling short-term optimism.

Moving Averages and Momentum

The 5-minute 20SMA and 50SMA crossed during the afternoon surge, confirming bullish momentum. On the daily chart, the 50DMA held above the 100DMA, suggesting a mixed outlook. MACD crossed above zero mid-day, but momentum stalled before the 24-hour close, with a bearish crossover hinting at short-term profit-taking. RSI reached 69–70 twice but failed to push higher, pointing to potential exhaustion.

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Volatility and Bollinger Bands

Volatility spiked as the price reached the upper Bollinger Band at $2,769.57 before retracting. A period of quiet trading from 04:00–08:00 ET saw a contraction in the bands, followed by a breakout attempt that fizzled. The recent consolidation has brought the price back into the middle band, suggesting a return to range-bound behavior.

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Volume and Turnover

Trading volume remained elevated during the price surge, with a notable 1.2354 volume spike at 01:00 ET coinciding with a sharp drop to $2,715.7. Turnover confirmed this move, but volume dipped significantly after the peak. A divergence appeared in the final hours as volume increased while price declined, suggesting potential uncertainty.

Fibonacci Retracements

Fibonacci levels from the $2,700.92 to $2,781.68 swing indicated key areas at $2,754.5 (38.2%) and $2,769.57 (61.8%). Price bounced off the 61.8% level multiple times, reinforcing its significance. On the daily chart, the $2,754.5 level acted as a psychological floor.

Ethereum/Eurite appears to be in a phase of consolidation after a volatile 24-hour session, with both bullish and bearish signals in play. A break above $2,769.57 with rising volume could extend the uptrend, but a retest of $2,754.5 remains a key risk for short-term traders. Investors should remain cautious of range-bound behavior and potential reversals.