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

Generated by AI AgentAinvest Crypto Technical RadarReviewed byRodder Shi
Sunday, Jan 4, 2026 9:46 am ET1min read
ETH
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Aime RobotAime Summary

- ETHMXN tested key resistance at 56,794 MXN before retreating, with RSI hitting 75 (overbought) during the 00:45 ET surge.

- Volatility spiked as Bollinger Bands expanded, closing near the upper band amid a 3.5376 ETH volume surge.

- Fibonacci analysis shows 56,098 MXN as potential support after rejection at 56,436 MXN, with bearish divergence in recent volume.

- Short-term bullish bias from moving averages contrasts with overbought RSI, signaling possible consolidation or pullback.

Summary
• ETHMXN tested key resistance at 56,794 MXN before retreating.
• Volume spiked at 00:45 ET as price surged to the day’s high.
• RSI suggests overbought conditions at 75, indicating potential pullback risk.
• Bollinger Bands expanded, highlighting increased volatility in the last 24 hours.

Ethereum/Mexican Peso (ETHMXN) opened at 55,725 MXN on 2026-01-03 12:00 ET, reaching a high of 56,794 MXN and a low of 55,725 MXN, before closing at 56,299 MXN at 12:00 ET on 2026-01-04. Total volume was 8.105 ETH, with a notional turnover of approximately 472,449.84 MXN over 24 hours.

Structure & Formations


Price formed a bullish 5-minute engulfing pattern at 23:30 ET on 2026-01-03 as it surged from 55,925 MXN to 56,181 MXN. A bearish reversal occurred at 06:00 ET on 2026-01-04, with a long upper shadow as the price dropped from 56,614 MXN to 56,540 MXN. Key support appears to be forming around 56,375 MXN, which has been tested twice in the past 24 hours.

Moving Averages


The 20-period and 50-period moving averages on the 5-minute chart crossed above 55,900 MXN, supporting a bullish bias in the short term. On a daily basis, the 50-period and 200-period MA suggest a neutral trend, with the price currently trading near the 50-day average.

MACD & RSI



MACD remained above the zero line during the morning surge, confirming positive momentum. RSI peaked at 75 during the 00:45–01:00 ET window, signaling overbought conditions, and has since corrected, falling to 60 by the close. This suggests potential for consolidation or a pullback in the near term.

Bollinger Bands


Volatility expanded significantly during the overnight session, with the bands widening as price surged to 56,794 MXN. The price closed near the upper band, suggesting overextension and possible reversion toward the 56,500 MXN midpoint in the next 24 hours.

Volume & Turnover


The highest volume spike occurred at 00:45 ET with 3.5376 ETH traded, coinciding with a large price move from 56,280 MXN to 56,794 MXN. Turnover also spiked during this period, confirming the strength of the move. However, volume has since declined, with a bearish divergence forming in the last 3 hours as price rose but volume remained muted.

Fibonacci Retracements

Applying Fibonacci levels to the overnight swing high (56,794 MXN) and low (55,725 MXN), the 38.2% retracement level at 56,436 MXN was tested but rejected. The 61.8% level at 56,098 MXN now appears as a potential support zone for the next 24 hours.

Ethereum/Mexican Peso may consolidate around key Fibonacci levels in the coming 24 hours, with potential for a pullback from the overbought RSI readings. Traders should remain cautious about volatility contractions and divergences in volume.