ETHEURI Market Overview: 24-Hour Candlestick Analysis for 2025-09-18

• ETHEURI opens at $3797.83, trades within a $3797.83–$3921.11 range, and closes at $3904.82 with bearish afternoon pullback.
• Momentum appears to reverse lower after a morning breakout with key resistance at 3900–3905 and support at 3875–3880.
• Volatility peaks in early hours but cools later; volume confirms morning strength but shows divergence in afternoon.
• RSI shows overbought conditions near 3920, while MACD turns neutral to bearish ahead of 12:00 ET close.

Market Summary and Initial Observations

Ethereum/Eurite (ETHEURI) opened at $3797.83 on 2025-09-17 at 12:00 ET and closed at $3904.82 the following day at the same time. The 24-hour high reached $3921.11, while the low was $3755.0. Total volume traded was 159.1753 units, and total notional turnover amounted to approximately $590,667.84, factoring in weighted price averages across the 15-minute OHLCV dataset. The market exhibited a bullish morning breakout followed by a consolidative and slightly bearish afternoon trend.

Structure & Formations

Key support levels were identified at $3875–3880, where price found repeated consolidation in the afternoon and early evening. A notable bullish engulfing pattern appeared around 13:30–13:45 ET as ETHEURI broke above 3890. In contrast, the bearish doji near 19:00 ET signaled potential reversal as upward momentum slowed. Resistance appears to congregate at $3900–3905, where price pulled back twice, most notably at 09:45 and 15:15 ET.

Moving Averages and Momentum Indicators

On a 15-minute chart, the 20-period and 50-period moving averages crossed during the morning breakout, with price staying above both for much of the session. However, by the afternoon, the 20-period MA began to diverge from the 50-period MA, signaling a potential slowdown in bullish momentum. The 50-period MA sits at approximately $3875, offering a baseline for short-term support.

MACD lines showed a strong positive divergence in the morning, confirming the breakout. However, by 15:00 ET, the MACD crossed below the signal line and began to trend downward, reflecting a shift in momentum. RSI reached overbought territory near $3921 and showed a bearish divergence in the late afternoon, supporting the view that upward pressure was waning.

Volatility and Bollinger Band Dynamics

Bollinger Bands expanded during the early morning hours as price surged higher, reaching the upper band at $3921.11. This expansion indicates increased volatility and confirms the strength of the morning breakout. However, as the afternoon progressed, the bands began to contract again, suggesting a return to consolidation. Price closed near the upper band on 15:45 ET and then drifted back toward the mid-band by 12:00 ET, indicating reduced directional bias.

Volume and Turnover Behavior

The most significant volume spike occurred at 18:15 ET when ETHEURI dropped from $3800 to $3755, with a volume of 19.766 units. This suggests heavy selling pressure at that point. In contrast, the breakout above $3900 in the morning was supported by moderate volume, and the subsequent afternoon pullback occurred with lower volume, which may indicate a lack of follow-through buyers. The total notional turnover of ~$590k suggests average liquidity, with no major whale activity evident in the 15-minute dataset.

Fibonacci Retracements and Key Levels

Applying Fibonacci retracement to the morning swing from $3755 (low at 18:15 ET) to $3921.11 (high at 14:15 ET), the 38.2% retracement level is at $3866, and the 61.8% level is at $3899. ETHEURI briefly touched the 61.8% level and pulled back, reinforcing its role as a key resistance. This suggests that if the price fails to retest and break above $3899–3905, it could retrace further to $3865–3870.

Backtest Hypothesis

Given the observed morning breakout and subsequent consolidation, a potential backtesting strategy could focus on a “breakout confirmation and retracement trade.” The idea is to enter long near the 38.2%–61.8% Fibonacci levels if the 50-period MA is rising and the MACD is still positive, using a tight stop just below the consolidation range. Alternatively, a short position could be initiated if the price fails to retest and break above the 61.8% level, particularly if the RSI remains in overbought territory and the MACD turns negative. This approach would align with the observed price behavior and could be tested using historical 15-minute data with a 2–3% risk-per-trade model.