Kearney said he hasn't spoken with chairman Roy Spagnolo and chief executive Bob Bentley about when he will officially finish up with the club, however it appears likely he will coach the side in Saturday night's clash with Melbourne at Parramatta Stadium.
He denied being pushed and said the resignation was his own decision.
After being appointed as Daniel Anderson's replacement at the Eels ahead of the 2011 season, Kearney has failed to get results and admitted as much in his address to the media on Friday.
Parramatta only avoided the wooden spoon in the last round of 2011 and currently sit in last place this year with seven rounds remaining.
The decision to axe Kearney was reportedly made late on Thursday and Eels captain Nathan Hindmarsh confirmed players didn't find out about the announcement until it had been reported in the media on Thursday night.
Kearney said announcing his departure was a huge relief and he would concentrate his efforts on coaching the New Zealand Test team who are preparing for a World Cup defence next year.
The 40-year-old declined to point fingers over his resignation and said he was proud of improvements he's made in junior development.
"I'm grateful for the experience the board has given me," said Kearney.
"It's one I've learnt a great deal from.
"I wish the Eels all the best for the future.
"From my point of view we cold go through a thousand reasons why and why not and I'm not here to give you those reasons today I'm here to say that I think it's time for a change and for the club to move on."
Hindmarsh said Kearney had the full support of the Eels playing group and despite current results, had the club in a strong position going forward.
The retiring champion of more than 300 games for the club said Kearney's demise was a disappointing end to his time in the game, but insisted the players would still put in for the remainder of the season.
Hindmarsh admitted players needed to take some responsibility for Kearney's exit because of poor on-field performances.
"It's not ideal but my job as a rugby league player is to play rugby league and go out there and if that means winning so be it but if that means losing that's something you've got to deal with as well," Hindmarsh said.
"It's been a disruptive year but we've got to go out there and do our best on the field on the weekend.
"The playing group supports Steve's decision. Despite what everyone thinks about his results the amount of work Steve puts in behind the scenes (is huge) and he's got this club back to where it needs to go in regards to junior development and grass roots football. I wish him all the best."
