Market Overview for Ethereum/Tether (ETHUSDT) – 2025-12-19

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Dec 19, 2025 12:18 pm ET1min read
ETH
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Aime RobotAime Summary

- ETHUSDT broke above 2900 with a bullish engulfing pattern, confirming a short-term reversal after a dip to 2850.

- RSI reached 68 with strong volume spikes (30k ETH) during the 2850–2910 breakout, signaling rising momentum.

- Bollinger Bands widened as price surged to 2994, closing near the upper band with a 61.8% Fibonacci target at 2970.

- MACD turned positive and SMAs were breached, supporting the uptrend, though a close below 2920 risks a bearish correction.

Summary
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ETHUSDT
broke above 2900, forming a bullish engulfing pattern at 2910–2940.
• RSI reached 68, indicating rising momentum without clear overbought territory.
• Volume spiked to 30k on the 5-min chart during a key breakout from 2850–2910.
• Bollinger Bands widened, showing increased volatility after a consolidation phase.
• Price action suggests a potential 61.8% Fibonacci retracement target near 2970.

Ethereum/Tether (ETHUSDT) opened at $2948.78 on 2025-12-18, hit a high of $2994.32, a low of $2775.19, and closed at $2966.99 on 2025-12-19. Total volume was 721,580.20 ETH, with a turnover of approximately $2.1 billion across the 24-hour window.

Structure & Formations


Price formed a strong bullish engulfing pattern around 2910–2940 on the 5-minute chart, signaling a potential short-term reversal after a sharp dip to 2850.
Key support levels appear near 2850–2830, with resistance at 2940–2960. A long lower shadow at 2856.95 and a high-low range of ~$140 indicate a bearish pullback attempt that failed to hold.

Moving Averages


On the 5-minute chart, price broke above both 20 and 50-period SMAs, confirming a short-term uptrend. Daily averages (50, 100, 200) remain in a tight cluster around $2900–2920, suggesting ETHUSDT could be setting up for a breakout or consolidation phase on the daily timeframe.

MACD & RSI


MACD turned positive and crossed above the signal line around 2900, supporting the bullish breakout. RSI climbed to 68 by the close, showing strong momentum but not yet overbought. A divergence between price and RSI was not observed, indicating strong alignment between momentum and price action.

Bollinger Bands


Bollinger Bands expanded significantly during the price surge from 2850 to 2994, indicating increased volatility. Price closed near the upper band, which suggests a potential pullback or consolidation phase. Traders may watch for a retest of the upper band as a dynamic resistance level.

Volume & Turnover


Volume spiked to 30,000 ETH during the critical 5-minute candle at 03:30 ET, which saw a high of $2910.29 and closed at $2910.29. This volume confirms the strength of the breakout from 2850–2910. Notional turnover aligned with volume spikes, indicating strong conviction in the upward move.

Fibonacci Retracements


The 61.8% retracement level of the 2850–2994 move falls near $2970, making it a key psychological target for the next 24 hours. A break above this level may confirm a deeper rally toward 3000, but a failure to hold above 2940 could lead to a retest of support near 2910–2920.

ETHUSDT appears to be entering a period of high conviction bullish momentum, supported by strong volume, a key breakout pattern, and positive technical indicators. However, the market’s volatility remains elevated, and traders should be cautious of a pullback or consolidation phase after such a sharp move. A close below 2920 could increase near-term risk of a bearish correction.