Summary
• Price action was range-bound between 1.0852 and 1.0854 with no clear directional bias.
• Volume spiked sharply in the early hours of 00:00–04:00 ET, but failed to confirm a breakout.
• RSI remained neutral near 50, signaling balanced buyer and seller momentum.
Wrapped Beacon ETH/Ethereum (WBETHETH) opened at 1.0853 on 2025-12-15 at 12:00 ET, reaching a high of 1.0854 and a low of 1.0852 before closing at 1.0852 on 2025-12-16 at 12:00 ET. The 24-hour volume was 1,177.08, with a notional turnover of approximately 1,272.92.
Structure & Formations
Price remained tightly clustered between 1.0852 and 1.0854 throughout the 24-hour period, with no decisive breakouts. The range suggests accumulation and distribution activity without a strong bias. A few doji and spinning top patterns emerged, especially between 19:00–21:00 ET, indicating indecision.
Moving Averages
On the 5-minute chart, short-term moving averages (20/50) remained flat and closely aligned with the price, confirming the range-bound action. No meaningful divergence between the 20 and 50-period lines was observed.
MACD & RSI
The RSI hovered around the 50 level for most of the session, indicating balanced momentum. The MACD showed little divergence, with both the line and signal line staying near zero, suggesting no immediate shift in trend.
Bollinger Bands
Volatility remained stable with price staying near the mid-band of the Bollinger Bands, indicating no significant expansion or contraction. Price action did not show signs of preparing for a breakout beyond the range.
Volume & Turnover
Volume spiked sharply between 00:00 and 04:00 ET, with a large trade at 00:45 ET contributing 505.15 in volume. However, despite the heavy volume, price did not move decisively, suggesting potential order block formation or a failed attempt to break out of the range.
Fibonacci Retracements
Applying Fibonacci retracement levels to the minor 5-minute swing from 1.0852 to 1.0854, price found repeated rejection near the 38.2% and 61.8% levels, suggesting key psychological support and resistance within the range.
Looking ahead, WBETHETH may continue to trade within the 1.0852–1.0854 range unless a significant news or market catalyst emerges. Investors should remain cautious for divergences in volume and momentum indicators in the next 24 hours.
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