Market Overview: Ethereum/Mexican Peso (ETHMXN) 24-Hour Technical Analysis

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Saturday, Dec 13, 2025 9:28 am ET1min read
Speaker 1
Speaker 2
AI Podcast:Your News, Now Playing
ETH
--
Aime RobotAime Summary

- ETHMXN formed a bullish engulfing pattern at 55,389 MXN, signaling potential short-term reversal after a sharp decline.

- Price tested key resistance at 55,973 MXN but retreated to support near 55,300 MXN, with thin volume during the 55,855 MXN rally.

- RSI entered oversold territory below 30, while expanding Bollinger Bands reflected heightened market uncertainty post-consolidation.

- 55,617 MXN Fibonacci level (61.8% retracement) and 55,400 MXN daily support emerge as critical watchpoints for near-term direction.

Summary
• ETHMXN formed a bullish engulfing pattern at 55,389 MXN, suggesting possible short-term reversal.
• Price retreated from a key resistance at 55,973 MXN and found support near 55,300 MXN.
• Volatility surged during a sharp 5-minute rally to 55,855 MXN, but subsequent volume was thin.
• RSI entered oversold territory below 30, hinting at potential near-term buying interest.
• Bollinger Bands showed expansion after the 55,300 MXN consolidation, indicating increased uncertainty.

Ethereum/Mexican Peso (ETHMXN) opened at 55,454 MXN on 2025-12-12 12:00 ET and closed at 55,648 MXN 24 hours later. The pair reached a high of 55,973 MXN and a low of 55,286 MXN, with total volume of 1.766 ETH and turnover of approximately 101,080 MXN.

Structure & Formations


A bullish engulfing candle formed at 55,389 MXN, signaling a potential short-term reversal after a sharp descent. Price tested a previous high at 55,973 MXN but failed to hold above it, retreating to a key support zone near 55,300 MXN. A large bullish candle at 18:30 ET (55,389 to 55,855 MXN) showed aggressive buying pressure, though it was not confirmed by sustained volume.

Momentum and Volatility



Relative Strength Index (RSI) fell below 30 into oversold territory late in the session, suggesting potential short-term buying interest. The MACD histogram showed divergence during the late-night consolidation phase, indicating weakening momentum. Bollinger Bands expanded following the sharp move from 55,300 to 55,855 MXN, reflecting increased market uncertainty.

Volume and Turnover


Notable volume occurred during the 18:30 ET candle (55,389 to 55,855 MXN) and the early morning rebound from 55,300 to 55,648 MXN. However, many of the higher price candles (e.g., 55,973 MXN) occurred with minimal volume, suggesting lack of conviction. Turnover remained largely in line with price moves but showed no significant surges during consolidation periods.

Fibonacci Retracements


Recent 5-minute swings placed the 55,617 MXN level as the 61.8% retracement of the 55,286–55,855 MXN move, a potential area of interest. On the daily chart, a 38.2% retracement of the prior week’s swing lies near 55,400 MXN, aligning with key support seen during the session.

Over the next 24 hours, ETHMXN may test the 55,617 MXN Fibonacci level and attempt to break above 55,973 MXN with stronger volume confirmation. Investors should watch for a potential pullback if the 55,400 MXN support is breached.