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Summary
• Ethereum/Rupiah (ETHIDR) drifted lower on declining volume, forming bearish continuation patterns.
• Price closed near the session low amid oversold RSI and tightening Bollinger Bands, hinting at possible exhaustion.
• A sharp intraday pullback to 48700000 offered temporary support, with 502224433 acting as a prior resistance-turned-liquidation zone.
• Turnover spiked during the 230000–000000 ET window but failed to spark a sustained reversal.
• Key Fibonacci levels at 49280107 and 48900000 show clustering of sell pressure and potential for near-term range consolidation.
Ethereum/Rupiah (ETHIDR) opened at 49581175 on 2025-12-25 12:00 ET and closed at 49942083 on 2025-12-26 12:00 ET. The 24-hour period saw a high of 50224433 and a low of 48700000. Total volume traded was 66.4524 ETH, with a notional turnover of approximately 3,316,824,289.25 Rupiah.
Price action over the 24-hour window formed a bearish drift, marked by a large bearish engulfing pattern at the session high near 50224433. A key support level was observed at 48700000, where price found a brief floor. A possible bearish continuation pattern emerged after a failed attempt to break above 50000000, with a 38.2% Fibonacci retracement near 49696044 showing resistance.
Short-term momentum indicators showed bearish pressure, with the MACD line crossing below the signal line. . The 20-period and 50-period moving averages on the 5-minute chart were bearishly aligned, reinforcing downward bias. On the daily chart, the 50-period moving average appears to be the last line of defense ahead of deeper correction.
The RSI for the 5-minute chart approached oversold territory (near 25) during the session low at 48700000, suggesting potential near-term exhaustion of downward pressure. Volatility, as measured by Bollinger Bands, contracted following the sharp intraday decline, indicating a possible consolidation phase.
While volume remained steady during the morning hours, a sharp increase in turnover occurred around the 230000–000000 ET window as price tested 48700000. However, the lack of follow-through buying signaled caution. Turnover and volume were broadly aligned, suggesting no clear divergence between price and activity.
Fibonacci levels derived from the 48700000 to 50224433 swing suggest key potential zones of interest: 49280107 (38.2%) and 48900000 (61.8%). The 49000000 level appears to be a critical psychological support.
ETHIDR may consolidate in the near term, with traders watching 50000000 as a potential trigger for short-term volatility. A break below 48700000 could test deeper support levels, while a recovery above 50224433 may indicate renewed bullish momentum. Investors should remain cautious and watch for divergence in volume and momentum indicators.
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