Market Overview for Ethereum/Yen (ETHJPY) on 2025-12-20

Generated by AI AgentAinvest Crypto Technical RadarReviewed byDavid Feng
Saturday, Dec 20, 2025 9:41 am ET1min read
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Aime RobotAime Summary

- ETHJPY rebounded from 462,237 after a bullish engulfing pattern, reaching 471,457 amid strong volume.

- Price consolidated between 469,568 (support) and 471,172 (resistance), with RSI neutral and MACD showing fading momentum.

- Bollinger Bands expanded post-consolidation, while Fibonacci levels at 61.8% and 78.6% indicated potential turning points.

- Diverging volume during consolidation and overbought conditions near 472,190 suggest caution ahead of potential corrections.

Summary
• ETHJPY formed a bullish engulfing pattern near 462,237, followed by a rebound to 471,457.
• Price traded in a 462,237–472,190 range, with key support at 469,568 and resistance at 471,172.
• Volume spiked during the rebound from the 24-hour low, confirming short-term bullish momentum.
• RSI remained within neutral territory, but MACD showed a narrowing histogram, suggesting fading momentum.
• Bollinger Bands expanded after a consolidation phase, with price near the upper band at the 24-hour high.

Ethereum/Yen (ETHJPY) opened at 469,720 on December 19 at 12:00 ET, hit a low of 462,237, and closed at 469,324 by 12:00 ET on December 20. The 24-hour high was 472,190. Total volume reached 713.1926 ETH, with a turnover of approximately ¥334,563,088.

Structure & Formations


Price action displayed a strong bullish reversal signal when ETHJPY formed a bullish engulfing pattern at 462,237–466,301, followed by a rapid rebound. This suggests that short-term sellers were absorbed, and buying interest re-emerged. A small doji at 471,377–471,457 suggests a potential pause in upward momentum.
The 469,568–471,172 range appears to be consolidating, with 471,172 acting as a near-term resistance level.

Moving Averages and MACD / RSI


On the 5-minute chart, the 20-period and 50-period moving averages both trended upward during the recovery phase, confirming the short-term bullish bias. The MACD histogram showed a narrowing divergence after the 466,301 close, indicating a potential slowdown in upward momentum. RSI remained within the 40–60 range for most of the period, with a slight overbought indication near the 24-hour high.

Bollinger Bands and Volatility


Bollinger Bands showed a period of contraction from 467,643–469,775, followed by a sharp expansion as price surged past 470,000. Price reached the upper band during the session high at 472,190, suggesting a possible overbought condition. This expansion may signal increased volatility ahead.

Volume and Turnover


Volume surged during the 17:00–19:30 ET period, particularly when ETHJPY rebounded from the 462,237 low. The peak volume of 89.057 ETH coincided with the lowest close of the session at 462,705. Turnover followed a similar pattern, confirming the price rebound. A divergence appeared later in the session as volume waned despite price consolidation near 471,172, indicating possible exhaustion of upward momentum.

Fibonacci Retracements


Key Fibonacci levels for the 462,237–472,190 move included 469,568 (61.8%) and 471,172 (78.6%). ETHJPY briefly tested 469,568 before rebounding, and it later found support at 471,172. These levels may offer potential turning points in the next 24 hours.

Looking ahead, ETHJPY appears to be consolidating after a strong rebound from the 24-hour low, with 471,172 and 472,190 offering near-term resistance. A break below 469,568 could trigger renewed selling pressure. Investors should remain cautious as momentum appears to be moderating, and divergence in volume may hint at an impending correction.