Market Overview for Ethereum/Tether (ETHUSDT) on 2025-12-28

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Sunday, Dec 28, 2025 12:21 pm ET1min read
USDT
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ETH
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Aime RobotAime Summary

- ETHUSDT formed a bearish engulfing pattern near 2949–2947, testing key support at 2940–2942 multiple times.

- Price stayed below 20-period MA on 5-min chart, with RSI in neutral 40–50 range showing no overbought/oversold signals.

- Volatility spiked during 14:45–16:00 ET as Bollinger Bands widened, coinciding with $61.7M in notional turnover.

- Immediate support at 2940–2942 and resistance near 2949.05 identified, with downside risk if volume fails to confirm rebounds.

Summary
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ETHUSDT
formed a bearish engulfing pattern near 2949–2947 with a test of prior support at 2940–2942.
• Price remained below 20-period MA on 5-min chart, suggesting continued bearish momentum.
• RSI hovered between 40–50, indicating neutral momentum; no overbought or oversold signals.
• Volume and turnover expanded during the 14:45–16:00 ET window as price tested 2940–2955 range.
• Bollinger Bands showed moderate expansion, with price hovering near the lower band during the consolidation phase.

24-Hour Performance


Ethereum/Tether (ETHUSDT) opened at 2949.05 on 2025-12-28 at 12:00 ET - 1 and reached a high of 2961.23 and a low of 2932.53 before closing at 2942.72 at 12:00 ET. Total volume traded was approximately 21,251.09 ETH, while notional turnover amounted to ~$61.7 million.

Price Structure and Momentum


Price activity on the 5-minute chart showed a bearish bias throughout the session, especially in the early hours. A bearish engulfing pattern was observed at the 00:30–01:00 ET window as the pair moved from 2947.73 to 2945.50. A key support zone formed around 2940–2942, which saw several retests. The 20-period moving average remained above price for much of the session, reinforcing short-term bearish pressure.

Volatility and Indicators


Bollinger Bands showed a moderate widening, indicating increased volatility during the 14:45–16:00 ET window as the market tested the 2940–2955 range. The RSI remained in a neutral range (40–50), with no clear overbought or oversold signals observed. Volume and turnover spiked during this volatile period, aligning with price movement and suggesting active participation.

Key Levels and Projections


Immediate support for ETHUSDT appears to be forming around 2940–2942, with a 61.8% Fibonacci retracement of the 2940–2961.23 move at ~2949.05 acting as a potential resistance. A break below 2935 could bring a test of 2929–2933, while a retest of 2950 may trigger short-covering or renewed buying.

Ethereum/Tether may see increased directional clarity in the next 24 hours, depending on volume behavior and the response at key levels. Investors should monitor 2940–2942 and 2950 for potential pivots, with risk skewed to the downside if volume fails to confirm a rebound.