Market Overview for Ethereum/Yen (ETHJPY) - 24-Hour Summary as of 2025-11-11

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Tuesday, Nov 11, 2025 3:42 am ET2min read
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- ETHJPY surged to 563,496 with a bullish engulfing pattern confirming short-term upside momentum.

- Volume hit 1,165.21 ETH, ¥637M turnover, aligning with strong buying pressure and MACD positivity.

- Moving averages and Bollinger Bands indicate sustained bullish bias, with price near upper band and above 200-period MA.

- Fibonacci retests and bearish divergence near 559,200 highlight key resistance/support levels for potential reversals.

- Backtested engulfing pattern strategy suggests short-term long entry validity if volume-momentum alignment persists.

Summary
• ETHJPY opened at 543,335 and surged to 563,496 before consolidating to 548,900.
• A strong bullish engulfing pattern formed after 21:30 ET, confirming short-term upside

momentum
.
• Total volume hit 1,165.21 ETH, with turnover reaching ¥637,397,600.

Ethereum/Yen (ETHJPY) opened at 543,335 on 2025-11-10 at 12:00 ET and closed at 548,900 on 2025-11-11 at 12:00 ET. The pair reached a high of 563,496 and a low of 540,567 during the 24-hour period. Total traded volume was 1,165.21 ETH, translating to a notional turnover of ¥637,397,600.

Structure & Formations


Price action from 21:30 ET to 22:00 ET saw a strong bullish engulfing pattern at 550,884–551,250, suggesting a potential reversal from bearish to bullish bias. The pattern is confirmed by a close above the prior candle’s open. Key resistance appears at 561,820 and 563,496, with immediate support at 550,495. A bearish divergence was noted near 559,200, where price failed to retest prior highs.

Moving Averages


On the 15-minute chart, the 20-period MA is at 549,200, while the 50-period MA is at 550,100—both pointing to a short-term bullish bias. On the daily chart, the 50-period MA is at 546,700, and the 200-period MA is at 538,200. Price remains well above the 200 MA, indicating a longer-term bullish trend.

MACD & RSI


The 15-minute MACD turned positive at 18:00 ET, suggesting growing buying pressure. RSI hit 62 at 01:00 ET, entering overbought territory temporarily. The RSI has since pulled back to 56, indicating moderate momentum. MACD remains above the zero line, suggesting that bullish momentum could persist in the short term.

Bollinger Bands


Volatility expanded sharply after 21:30 ET as price broke out of a tightening range. Price has remained near the upper Bollinger band since 01:00 ET, indicating heightened volatility and strong upside participation. The bands are currently wide at 563,496–544,060.

Volume & Turnover


Volume spiked to 112.12 ETH at 01:30 ET and again to 115.15 ETH at 02:45 ET, coinciding with a sharp price rise. Notional turnover reached a peak of ¥60,397,140 during this period. Volume and price action align well, with no significant divergences observed.

Fibonacci Retracements


On the 15-minute chart, price retested the 61.8% retracement level of the 540,567–563,496 move at 556,100 before surging past. On the daily chart, the 61.8% level of the 530,000–563,496 move is at 553,500, where price has found temporary support.

Backtest Hypothesis


The technical analysis highlights a recurring bullish pattern—engulfing—used in the described backtest for BLSH.N, which could be similarly applied to ETHJPY for short-term trading. The strategy relies on identifying the engulfing candle and holding for one day, aligning with the 15-minute chart’s observed momentum. Given the confirmation of a bullish engulfing pattern on 2025-11-11, a similar signal may trigger a long entry in Ethereum/Yen, provided volume and momentum remain aligned. This approach could be adapted for ETHJPY under the same holding and signal rules.