Summary
• ENSUSDT formed bullish engulfing patterns early and found support near 10.83–10.84.
• Price closed above 10.89 with increasing volume, indicating strong buyer interest.
• RSI rose to overbought levels, suggesting potential near-term pullback risk.
• Bollinger Bands widened as volatility increased during the overnight session.
• Volume surged in the 05:00–07:00 ET window, aligning with key resistance breakouts.
Market Overview
Ethereum Name Service/Tether (ENSUSDT) opened at 10.55 on 2025-12-12 12:00 ET, reached a high of 10.97, a low of 10.52, and closed at 10.89 by 12:00 ET-1. Total volume was 27,150.49, with a notional turnover of approximately $298,000.
Structure & Moving Averages
The 5-minute chart showed ENSUSDT breaking above key resistance at 10.89 after a consolidation phase. Price action indicated a bullish breakout supported by a golden cross on 20-period and 50-period moving averages. On the daily chart, the pair appears to be approaching the 50-day moving average, which could offer further directional clues.
Momentum and Volatility
RSI climbed to overbought territory near 75 by early morning, signaling potential short-term exhaustion in bullish momentum.
MACD showed a strong positive divergence, confirming the upward thrust. Bollinger Bands expanded significantly during the overnight hours, reflecting heightened volatility as buyers pushed price toward new 24-hour highs.
Volume and Turnover Dynamics
Volume spiked between 05:00 and 07:00 ET, coinciding with the price breakout above 10.89. Turnover mirrored this, reinforcing the strength of the move. No significant volume divergence was observed during the rally. The final hour saw a moderate drop in volume, which may indicate a pause rather than a reversal.
Fibonacci and Key Levels
On the 5-minute chart, ENSUSDT found support at the 61.8% Fibonacci retracement level near 10.83 before surging higher. The daily chart retracement of the previous week’s swing showed 10.97 as a potential short-term top target, now in play for further bullish extension.
The forward-looking pattern suggests that buyers may test the 11.00–11.05 level in the next 24 hours, but overbought RSI and tightening Bollinger Bands hint at a possible short-term correction. Investors should remain cautious of choppy price action if volume fails to confirm a sustained rally.
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