Market Overview for Ethereum/Yen (ETHJPY) – 2025-11-12

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Wednesday, Nov 12, 2025 3:20 am ET1min read
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- ETHJPY closed near session lows at ¥534,421, with key support at ¥527,000–528,000 and rejection near ¥534,000–535,000.

- Bearish bias confirmed by MACD crossover and 15-minute moving averages above current prices, while RSI remains neutral (40–50).

- Sharp volume spikes during ¥527,000 breakdown and Fibonacci retracement near 78.6% level highlight potential for further bearish movement to ¥526,300.

- Bollinger Bands expansion and uneven turnover suggest heightened volatility, with ETHJPY closing near lower bands indicating possible bounce or continuation.

Summary
• Ethereum/Yen (ETHJPY) closed near session lows amid mixed candlestick signals and declining

momentum
.
• Key support levels held at ¥527,000–528,000, while resistance near ¥534,000–535,000 showed rejection.
• RSI remains in neutral territory, with no clear overbought/oversold extremes.

Ethereum/Yen (ETHJPY) opened at ¥536,855 on 2025-11-11 and closed at ¥534,421 on 2025-11-12. The 24-hour range was ¥531,849 to ¥539,711. Total volume traded was 1,308.17535 with a notional turnover of ¥699,718,776.70.

The ETHJPY pair displayed a weak bearish bias through the session, with a notable rejection at ¥535,000–536,000. A bearish engulfing pattern formed near the high, suggesting potential exhaustion of bullish momentum. A doji at ¥530,500–531,000 indicated indecision and possible short-term consolidation.

The 20-period and 50-period moving averages on the 15-minute chart are both above current price levels, reinforcing the bearish bias. The 50-period SMA may offer a support level in the ¥529,000–530,000 range. The 200-period daily SMA sits at ¥530,000, suggesting ETHJPY may test this level for confirmation of a short-term downtrend.

MACD showed a bearish crossover, with the MACD line dipping below the signal line, indicating fading bullish momentum. RSI fluctuated between 40 and 50, with no extreme readings signaling overbought or oversold conditions. Bollinger Bands expanded during the session, indicating heightened volatility. ETHJPY closed near the lower band, suggesting potential for a bounce or continuation lower depending on volume dynamics.

Volume and notional turnover were unevenly distributed, with a sharp increase noted during the 18:15–20:15 ET period. This coincided with a breakdown in price action toward ¥527,000, suggesting strong selling pressure. Divergence between price and volume during this time was notable, highlighting a possible short-term oversell condition.

Fibonacci retracement levels from the ¥526,318 to ¥536,224 swing showed ETHJPY closing near the 78.6% retracement level at ¥533,500–534,000, which appears to have acted as a key resistance cluster. Daily Fibonacci levels from the ¥530,313 to ¥539,711 swing indicate a potential target at ¥526,300 for further bearish movement.

Backtest Hypothesis
The RSI-based strategy described aims to capture short-term momentum shifts, using standard parameters of a 14-period RSI with buy triggers below 30 and sell triggers above 50. For ETHJPY, recent RSI behavior did not cross into oversold levels, suggesting limited buy opportunities. However, if price continues to consolidate or declines further, the strategy could be refined by adjusting RSI thresholds or incorporating volume confirmation. The effectiveness of this approach would depend on the accuracy of RSI as a standalone indicator or its use in conjunction with other tools such as moving averages or Bollinger Bands.