Market Overview for Ethereum/Zloty (ETHPLN): Volatility and Key Levels in a Volatile 24 Hours

Summary
• Price action shows a key support bounce at 10375.0 and a resistance cluster near 10655.0–10676.0.
• RSI indicates potential overbought levels in the afternoon, with a midday pullback into oversold territory.
• Volume surges during the morning reversal and again in the late morning to midday rally.
• Bollinger Bands show a contraction in the early hours followed by a widening, suggesting rising volatility.
• A bullish engulfing pattern formed near 10592.0–10611.0, followed by a bearish counterpart at 10655.0–10661.0.

Ethereum/Zloty (ETHPLN) opened at 10635.0 on 2025-12-25 at 12:00 ET, reached a high of 10707.0, a low of 10375.0, and closed at 10658.0 on 2025-12-26 at 12:00 ET. The total 24-hour volume was 10.0967 and turnover was 106,742.29 PLN.

Structure and Candlestick Patterns

Price action revealed a strong bounce from the 10375.0 level, with a bearish reversal at 10655.0–10676.0 signaling possible exhaustion in the upward move. A bullish engulfing pattern near 10592.0–10611.0 confirmed a short-term reversal from a dip, while a subsequent bearish counterpart near 10655.0 hinted at a possible near-term top. A doji formed at 10597.0, suggesting indecision during the early morning consolidation.

Moving Averages and Momentum

Short-term 5-minute moving averages (20/50) remained above price during the late morning and midday rally, reinforcing bullish momentum. However, by the late afternoon, they began to flatten, suggesting a pullback could be imminent. The RSI reached overbought territory in the midday session, peaking near 80, but later pulled back to neutral levels, indicating a potential exhaustion of buyers.

Volatility and Bollinger Bands

Bollinger Bands showed a period of contraction in the early hours, with the price consolidating within a narrow range. This was followed by a widening of the bands as volatility increased during the morning and midday rally. ETHPLN closed near the upper band at 10658.0, suggesting the rally may be reaching a near-term ceiling.

Volume and Turnover

Volume spiked during the morning reversal from the 10375.0 level, with a large bar of 1.2625 at 02:30 ET–02:45 ET. Another notable volume surge occurred during the late morning rally, particularly between 07:00 ET and 08:15 ET. Turnover confirmed this with a sharp increase, aligning price and volume action to reinforce the bullish case.

Fibonacci Retracements

The 61.8% Fibonacci level of the 10375.0–10707.0 move sat near 10588.0, where ETHPLN consolidated briefly before resuming the upward push. A 38.2% retracement at 10640.0 acted as a pivot point during the afternoon and early evening. These levels continue to be key to watch for near-term directional bias.

Over the next 24 hours, ETHPLN may test 10707.0–10725.0 for a potential short-term high or consolidate around 10633.0–10645.0. A break below 10624.0 could trigger a retest of the 10593.0 level. Investors should remain cautious of potential volatility and volume divergence signals.