Market Overview: Ethereum/Tether (ETHUSDT) on 2025-12-31

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Wednesday, Dec 31, 2025 12:26 pm ET1min read
ETH
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USDT
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Aime RobotAime Summary

- ETHUSDT formed a bullish engulfing pattern near $2955.68 on the 5-minute chart, signaling short-term reversal potential.

- Price surged to $3028.08 with expanding volatility and volume spikes, confirming breakout strength above Bollinger Bands.

- RSI bottomed near oversold levels while key support at $2976.02 aligns with 38.2% Fibonacci retracement, suggesting consolidation or continuation above $3000.

- 24-hour volume reached 106,458 ETH ($311M) with no divergences observed, indicating aligned price-action and market participation.

Summary
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ETHUSDT
formed a bullish engulfing pattern on the 5-min chart near $2955.68.
• Momentum shifted downward in early ET hours, with RSI near oversold levels.
• Volatility expanded after 14:15 ET, with price reaching a high of $3028.08.
• Volume spiked during the rally, confirming price strength.
• Bollinger Bands showed a contraction before the breakout, signaling potential trend continuation.

Price Movement and Turnover


Ethereum/Tether (ETHUSDT) opened at $2980.67 at 12:00 ET - 1 and reached a high of $3028.08 before settling at $2976.02 at 12:00 ET. The total traded volume over the 24-hour window was 106,458.09 ETH, with a notional turnover of $311,153,608.48.

Structure and Key Levels


A strong bullish engulfing pattern formed near $2955.68, suggesting a short-term reversal. Resistance levels appear at $3000.89 and $3003.64, while immediate support is at $2976.02. Price consolidated briefly after the breakout, forming a potential continuation pattern.

Moving Averages and Momentum


On the 5-minute chart, the price closed above both the 20SMA and 50SMA, indicating bullish momentum. MACD turned positive following the breakout, while RSI bottomed near oversold levels and is now in neutral territory. Daily moving averages suggest a mixed outlook, with the 200DMA acting as a key long-term support.

Volatility and Bollinger Bands

Volatility expanded significantly following a period of contraction between 13:00 and 14:15 ET. Price surged out of a Bollinger Band contraction, reaching the upper band. The current price is above the 20-period upper band, indicating heightened volatility and potential continuation.

Volume and Divergences


Volume spiked during the breakout, confirming the strength of the move. Notional turnover rose in tandem with price, especially between 14:15 and 16:30 ET, when the pair surged past $3000. No significant volume divergences were observed, suggesting alignment between price and participation.

Fibonacci Retracements


Key Fibonacci levels from the recent 5-minute swing show support at $2976.02 (38.2%), with the 61.8% level near $2968.00. On the daily chart, the 61.8% retracement level aligns with the 200DMA at $2966.4, indicating a critical area for potential support.

In the next 24 hours, ETHUSDT may consolidate or continue higher if buyers remain aggressive near $3000. However, traders should remain cautious as pullbacks to key Fibonacci or SMA levels could test sustainability.