Market Overview for Ethereum/Zloty (ETHPLN) – 2025-12-21

Summary
• Price consolidated between 10,675.0 and 10,801.0, with a late bullish breakout near session highs.
• Volume surged during 08:45–10:00 ET, confirming strength in upward moves.
• RSI reached overbought territory, hinting at possible near-term profit-taking.
• A bullish engulfing pattern formed at 08:45 ET, followed by a break above key resistance.
• Volatility expanded with a Bollinger Band breakout, suggesting momentum shift.

Ethereum/Zloty (ETHPLN) opened at 10,691.0 on 2025-12-20 at 12:00 ET and closed at 10,774.0 by 12:00 ET on 2025-12-21. The 24-hour high was 10,801.0, and the low was 10,611.0. Total volume amounted to 12.4154 ETH, and notional turnover reached 135,262.0 PLN.

Structure & Formations

Price tested and broke key support at 10,675.0 and resistance at 10,774.0, with a bullish engulfing pattern emerging at 08:45 ET. A second bullish breakout at 10:00 ET confirmed upward momentum, with 10,774.0 now serving as near-term support. A doji formed at 12:15 ET, signaling potential exhaustion in the rally.

Moving Averages

On the 5-minute chart, the 20- and 50-period moving averages crossed to the upside after 09:00 ET, reinforcing the bullish bias. On the daily chart, the 50-period MA is above the 200-period MA, suggesting a longer-term bullish trend.

MACD & RSI

The MACD turned positive at 09:00 ET and remained above the signal line, confirming the bullish trend. RSI climbed into overbought territory above 70, suggesting a potential correction could be in the cards over the next few hours.

Bollinger Bands

Volatility expanded after 08:45 ET, with price breaking above the upper Bollinger Band. This expansion suggests a breakout move, with the bands now widening to accommodate the recent range.

Volume & Turnover

Volume spiked during the 08:45–10:00 ET window, coinciding with the key breakout move above 10,774.0. Notional turnover followed suit, confirming the move. However, volume declined after 12:00 ET, raising questions about sustainability of the rally.

Fibonacci Retracements

The recent 5-minute swing from 10,611.0 to 10,801.0 shows price consolidating near the 78.6% retracement level at 10,745.0. On the daily chart, the 61.8% retracement of the broader move from 10,675.0 to 10,801.0 is at 10,755.0, where price may face near-term resistance.

Ethereum/Zloty appears to be entering a key phase, with price consolidating above a critical resistance level. While the bullish breakout is confirmed, overbought RSI and thin volume after 12:00 ET suggest traders should remain cautious about overextension. A retest of 10,774.0 and a potential pullback into 10,745.0–10,755.0 are possible scenarios over the next 24 hours. Investors should monitor volume and RSI for signs of exhaustion or continuation.