Market Overview: Ethereum/Zloty (ETHPLN) – October 27, 2025

• ETHPLN traded in a volatile range of 14,729–15,300, closing 1.6% higher at 15,068.
• A bullish reversal pattern formed near 14,729 before a late surge above 15,300.
• Volume spiked during the break above 15,300 but declined afterward, signaling mixed conviction.
• RSI pushed into overbought territory, while MACD showed a positive divergence near the close.
• Bollinger Bands expanded sharply during the breakout, with price closing near the upper band.

Ethereum/Zloty (ETHPLN) opened at 14,865 on October 26 at 12:00 ET and closed at 15,068 as of 12:00 ET on October 27. During the 24-hour period, the pair reached a high of 15,300 and a low of 14,729, with total volume of 36.4816 ETH and a notional turnover of approximately 545,052.12 PLN. The price action featured a sharp rebound from a key support level and a subsequent break above a key resistance.

Structure & Formations

A bearish breakdown candle appeared at 14,729, forming a large bearish engulfing pattern, which was followed by a strong bullish reversal. The price then climbed above the 15,300 level, forming a long-bodied bullish candle that may indicate a potential short-term breakout. A descending triangle pattern was also visible on the 15-minute chart, with a clear break above the upper boundary at 15,300. The price now appears to be in a consolidation phase near the upper Bollinger Band.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed to the upside during the late-night surge, signaling a short-term bullish shift. The 50-period MA is currently at 15,050, while the 100- and 200-period MAs (daily charts) are at 14,980 and 14,920, respectively. Price is currently above all three, suggesting a bullish alignment across timeframes, but with caution advised due to the steepness of the rally.

MACD & RSI

MACD turned positive as price surged past 15,300, forming a bullish crossover with the signal line at 200. The histogram showed increasing positive momentum until the close. RSI reached overbought territory near 73, but failed to close above it, hinting at potential consolidation ahead. The divergence between rising price and flattening RSI suggests caution, as it may indicate a near-term top.

Bollinger Bands

Volatility expanded significantly during the breakout above 15,300, with the Bollinger Bands stretching to a range of approximately 14,900–15,350. Price closed near the upper band at 15,068, suggesting strong momentum but also a potential pullback into the mid-range. A contraction in volatility is likely as the market absorbs the recent move, possibly setting the stage for the next directional move.

Volume & Turnover

Volume spiked dramatically during the 22:15–23:00 ET time frame as price moved from 14,904 to 15,134, with a total volume of 4.1542 ETH traded. The rally above 15,300 was accompanied by a smaller but notable increase in volume, suggesting mixed conviction. However, volume dropped significantly in the early hours of October 27, indicating a potential pause in buying pressure. Turnover aligned with volume, with no significant divergence between the two.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent swing from 14,729 to 15,300, the 38.2% and 61.8% levels are at 15,007 and 14,916, respectively. The current close at 15,068 appears to be hovering near the 38.2% level, suggesting a potential pullback to either the 61.8% or even the 50% level if the rally lacks follow-through. A break above 15,300 would target the 15,570 level as the next Fibonacci extension target.

Backtest Hypothesis

The “Bullish Engulfing – 3-Day Hold” strategy leverages the identified candlestick pattern seen at 14,729 as a potential entry trigger. If confirmed by a break above 15,300, this strategy holds the position for 72 hours to capture potential continuation. Given today’s breakout and early consolidation, the strategy could benefit from today’s data. However, the overbought RSI and diverging momentum metrics suggest that a quick reversal or profit-taking should be monitored closely.