Market Overview: Ethereum/Yen (ETHJPY) 24-Hour Analysis

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Sunday, Dec 21, 2025 8:55 am ET1min read
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Aime RobotAime Summary

- ETHJPY formed a bullish engulfing pattern near 469,000 after a midday drop, signaling potential reversal.

- Price rebounded 1.5% post-18:00 ET with strong volume but failed to break key resistance at 470,220.

- RSI hit oversold 28 before bouncing, while Bollinger Bands contraction suggested breakout potential.

- Fibonacci levels highlight 470,962 (38.2%) and 469,730 (61.8%) as critical psychological barriers.

- Mixed volume confirmation and volatility suggest caution for potential false breakouts or renewed bearish pressure.

Summary
• ETHJPY formed a bullish engulfing pattern near 469,000 after a sharp midday drop.
• Momentum reversed sharply post-18:00 ET with a 1.5% rebound.
• Volume spiked during the reversal but remained below key resistance at 470,220.
• Bollinger Bands contracted before the rally, suggesting potential for a breakout.
• RSI hit oversold territory at 28 before bouncing, indicating short-term buying interest.

Ethereum/Yen (ETHJPY) opened at 469,152 on 2025-12-20 at 12:00 ET, reached a high of 475,246, a low of 464,747, and closed at 472,185 at 12:00 ET-1. Total volume was 704.77 ETH, and notional turnover was approximately ¥315,986,700.

Structure & Formations


The pair tested key support levels between 467,700 and 469,200 multiple times before forming a bullish engulfing pattern at 469,000 on the 5-minute chart. This followed a deep selloff into the early hours of 2025-12-21, where price touched 464,747.
. The formation suggests buyers regained control after an extended bearish leg, with a potential counter-trend move toward 470,220, the previous high before the reversal.

Technical Indicators


The 20-period and 50-period moving averages on the 5-minute chart converged near 469,500, providing a dynamic support zone during the selloff. MACD turned bullish in the late hours, with a positive crossover forming around 05:00 ET-1. RSI bottomed in oversold territory at 28, signaling short-term strength, while the daily RSI remained neutral at 52.

Volatility and Volume


Bollinger Bands experienced a notable contraction from 03:00 to 07:00 ET-1 before expanding during the reversal. Price remained within the upper and lower bands during the 24-hour period, indicating a range-bound trend until the late session breakout. Notional turnover surged during the 08:00–10:45 ET-1 rally to 475,246 but declined afterward, suggesting mixed conviction. Volume remained above average during the 18:00–20:00 ET-1 recovery but failed to confirm a strong breakout above 470,220.

Fibonacci Retracements


Fibonacci retracement levels applied to the 464,747 to 475,246 swing highlighted key levels at 470,962 (38.2%) and 469,730 (61.8%). Price stalled near the 61.8% level during a midday pullback, suggesting a strong psychological barrier. The 470,220 high, previously a resistance, may now act as a potential pivot for further upside.

The 24-hour move suggests a potential reversal in short-term bearish momentum, with a focus on 470,220 as the next key level. If buyers can push above this, the 473,000–475,000 zone could be in focus. However, given the recent volatility and mixed volume confirmation, traders should remain cautious about a false breakout or renewed bearish pressure in the near term.