Market Overview: Ethereum/Tether (ETHUSDT) 24-Hour Review

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Monday, Dec 15, 2025 12:24 pm ET1min read
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Aime RobotAime Summary

- ETHUSDT fell from $3167 to $2988.93, testing key support at $3055 amid bearish breakdown below $3120 resistance.

- RSI hit oversold 30, MACD confirmed bearish momentum, while volume surged during selloff, validating downward pressure.

- Bollinger Bands expanded with price near lower band; bullish engulfing pattern at $3055 hints at potential short-term reversal.

- Fibonacci 61.8% at $3047 already tested; next target 78.6% at $3011, with risks remaining if bears regain control below $3055.

Summary
• Price dropped from $3167 to $2973, with key support at $3055 and resistance at $3120.
• RSI reached oversold territory near 30, suggesting possible rebound.
• Volume surged during the selloff, confirming bearish momentum.
• Bollinger Bands expanded, indicating heightened volatility.
• A potential bullish engulfing pattern emerged near $3055.

The Ethereum/Tether (ETHUSDT) pair opened at $3092.34 on 2025-12-14 12:00 ET and closed at $2988.93 as of 2025-12-15 12:00 ET, reaching a high of $3167.55 and a low of $2967.28. Total volume for the 24-hour window was approximately 263,744.11 ETH, with a notional turnover of $813,888,483.

Structure & Formations


Price action revealed a bearish breakdown from the $3120–$3150 resistance range, with a key support level forming at $3055 after a failed rebound attempt.
A bullish engulfing pattern developed near $3055, suggesting a potential short-term reversal.

Moving Averages


On the 5-minute chart, the 20SMA and 50SMA were both bearish and below price. Daily moving averages (50/100/200) were aligned below the current price, reinforcing a bearish bias.

MACD & RSI


The MACD line crossed below the signal line late in the session, confirming bearish momentum. RSI dipped into oversold territory near 30, hinting at a possible short-term bounce.

Bollinger Bands


Bands were widely expanded, reflecting high volatility during the decline. Price closed near the lower band, consistent with bearish pressure.

Volume & Turnover


Volume surged during the selloff, especially in the 1500–1700 ET timeframe, confirming bearish sentiment. Notional turnover also spiked, aligning with price action.

Fibonacci Retracements


Key Fibonacci levels from the recent swing high of $3167 to the low of $2967 include 61.8% at $3047 and 78.6% at $3011. Price has tested the 61.8% level and may test the 78.6% next.

Looking ahead,

Ethereum
may find support near $3010–$3055 with a possible short-term bounce if bulls take control. However, risks remain to the downside if bearish momentum resumes. Investors should watch for a break of $3055 as a key signal.