Market Overview: Ethereum/Yen Faces Critical Support Amid Volatility

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Sunday, Dec 28, 2025 10:03 am ET1min read
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Aime RobotAime Summary

- Ethereum/Yen fell to 460,165, forming bearish engulfing and hanging man patterns with RSI below 30.

- MACD divergence and 20/50-period death cross confirm bearish momentum despite weak volume confirmation.

- Key Fibonacci levels at 460,500 and 461,000 may dictate direction after failed 61.8% retracement test.

- Asian session volume spiked at 460,000 support, but afternoon weakness suggests limited short-term buying pressure.

Summary
• Price declined from 462,160 to 460,165, forming bearish engulfing and hanging man patterns.
• RSI below 30 and MACD divergence suggest oversold momentum, but volume has not confirmed strength.
• Volatility expanded in early hours before stabilizing near 460,000, a prior intraday support level.
• 50-period and 20-period moving averages are bearish; price is below both with weak crossover potential.
• Key Fibonacci retracement levels at 461,000 and 460,500 may determine next directional bias.

Ethereum/Yen (ETHJPY) opened at 462,160 and closed at 460,165, reaching a high of 462,400 and a low of 459,121 over the 24-hour period. Total volume was 318.76 ETH, with a notional turnover of approximately ¥148,677,000.

Structure & Formations


Price action formed key bearish patterns, including a morning bearish engulfing pattern at 461,504 to 461,184 and a hanging man near 461,000, which may signal a continuation of the downward bias. A potential support zone emerged around 460,000–460,500, where price tested multiple times and bounced, indicating a possible short-term floor. Resistance levels around 461,500 and 462,000 appear to be failing as buyers struggled to hold above these levels.

Moving Averages and MACD


Short-term (20/50-period) and medium-term (50/100-period) moving averages are bearish, with the 20-period line crossing below the 50-period line earlier in the session, forming a death cross. The MACD remained negative throughout the day, with a bearish divergence between price and momentum that suggests continued downside pressure unless a strong reversal occurs.

RSI and Bollinger Bands


The RSI dipped below 30 at 460,345, signaling oversold conditions, but the lack of a strong volume response suggests the move may not yet be complete. Price action remained within the Bollinger Bands, with volatility expanding in the early hours and then tightening slightly in the afternoon. A breakout of the upper or lower band could confirm a new trend.

Volume and Turnover


Volume surged during the early Asian session, with a significant spike at 460,000 as price tested support. However, the volume during the rally attempts in the afternoon was weak, suggesting a lack of conviction. Notional turnover mirrored volume patterns, with confirmation of bearish sentiment but no signs of strong accumulation.

Fibonacci Retracements

Fibonacci retracements drawn from the key intraday high of 462,400 to the low of 459,121 show critical levels at 460,500 (38.2%) and 461,000 (61.8%). The 61.8% level was briefly tested but rejected, suggesting the pair could test the 459,121 (100%) level in the next 24 hours if the bearish trend continues.

Ethereum/Yen may remain under pressure in the near term, especially if the 460,000 support is breached without a meaningful counter-trend. Traders should monitor for a potential bounce off 459,500 or a break below this level, which could accelerate further downside. As always, the risk of rapid volatility remains high, and positions should be closely managed.