Market Overview for Ethereum/Zloty (ETHPLN) – 2025-12-15

Summary
• Ethereum/Zloty formed a bearish engulfing pattern around 11115.0, signaling potential short-term weakness.
• Volatility expanded sharply after 20:30 ET with volume spiking to 3.4993 ETH.
• The RSI approached oversold territory near 11004.0 but failed to trigger a rebound.
• Price broke below a key 5-minute Fibonacci level at 11074.0 during a large-volume candle.
• Bollinger Bands tightened near 11050.0 before a sudden breakout to 11211.0 at 01:45 ET.

Market Overview

Ethereum/Zloty (ETHPLN) opened at 11156.0 on 2025-12-14 at 12:00 ET, reached a high of 11365.0, a low of 10787.0, and closed at 10810.0 on 2025-12-15 at 12:00 ET. Total volume was 49.4285 ETH, with a notional turnover of 5,498,212.50 PLN over the 24-hour period.

Price Structure and Key Levels

Price action revealed a bearish breakdown from the 11115.0 level with a bearish engulfing pattern confirming weak sentiment. A strong bearish move followed, with ETHPLN dropping from 11211.0 to 11004.0 in a single 45-minute candle, indicating a loss of control above 11074.0. Subsequent recovery attempts stalled near 11232.0, where a consolidation phase began. Key support levels appear at 11004.0 and 10885.0, while resistance is forming at 11289.0 and 11330.0.

Technical Indicators

The 20- and 50-period moving averages on the 5-minute chart showed a bearish crossover, reinforcing the downward drift. The MACD turned negative after 22:30 ET, aligning with price weakness. The RSI dropped into oversold territory twice, but both times failed to produce strong rebounds, hinting at bearish exhaustion may not yet be reached. Bollinger Bands tightened near 11050.0 before a sharp breakout, suggesting a period of volatility contraction before the recent move.

Volume and Turnover

Volume surged at 20:30 ET with a candle showing 3.4993 ETH traded, followed by a bearish move to 11088.0. A second large-volume candle occurred at 22:45 ET, where ETHPLN dropped 11074.0, confirming bearish conviction. Turnover also spiked during these sessions, aligning with price movement. However, between 00:00 and 04:45 ET, turnover dropped significantly despite price bouncing above 11232.0, suggesting a weaker conviction in the recovery.

Volatility and Fibonacci Retracements

The 5-minute chart showed a 450-point swing from 11004.0 to 11365.0, with ETHPLN currently trading near the 38.2% Fibonacci retracement level at 11189.50. The 61.8% level sits at 10924.75, which may offer strong support in the near term. Daily swings from 11115.0 to 11365.0 also align with key Fibonacci levels, suggesting potential for a continuation of bearish momentum.

ETHPLN may remain volatile over the next 24 hours as buyers and sellers contest key levels around 11004.0 and 11232.0. A break below 10885.0 could accelerate the downtrend, but a sustained recovery above 11330.0 would signal a short-term reversal. Investors should remain cautious as volatility remains high and directional clarity is still forming.