ETHEURI Market Overview: ETHEURI Volatility, Rejection, and Momentum Divergence on 2025-09-17

• Price surged from 3761.76 to 3845.6 before consolidating near 3800.
• Key resistance at 3810.06 and support at 3785.0 showed defined range-bound behavior.
• Volatility expanded during a breakout above 3830, but failed to sustain.
• Momentum indicators suggest overbought and oversold conditions shifted multiple times.
• Volume spiked during 02:45–03:00 ET and again during 07:30–08:00 ET.

Ethereum/Eurite (ETHEURI) opened at 3761.76 on 2025-09-16 at 12:00 ET and reached a high of 3845.6 before closing at 3800.75 on 2025-09-17 at 12:00 ET. The 24-hour low was 3761.76. Total volume was 173.38 and turnover reached approximately $644,100, showing active trading in key pivot zones.

Structure & Formations

The 15-minute chart displayed multiple key levels of resistance and support over the past 24 hours. Price found strong resistance at 3810.06 and 3830.0, while support held firm at 3785.0 and 3795.0. A bullish engulfing pattern was observed around 21:30–22:15 ET as the price pushed above 3800.76, but this was later rejected during a bearish reversal at 08:30 ET. A doji appeared at 04:15 ET, suggesting indecision near 3803.35, which may signal a potential turning point or consolidation phase.

Moving Averages

On the 15-minute timeframe, ETHEURI traded below its 20-period and 50-period moving averages for much of the session, indicating a bearish bias in short-term momentum. The 50-period MA acted as a weak support around 3795.0–3797.0, but failed to hold during the late session sell-off. On a daily basis, the 50- and 200-period MAs were closely aligned, suggesting a potential inflection point in the broader trend.

MACD & RSI

MACD displayed a bullish crossover around 21:45 ET, coinciding with a breakout above 3810.06. However, the indicator quickly diverged as price moved lower, signaling potential bearish momentum. RSI fluctuated between overbought (>70) and oversold (<30) conditions multiple times, with a peak at 79.3 near 02:45 ET and a low of 28.6 near 04:45 ET. This divergence implies a high probability of range-bound trading and limited directional bias in the near term.

Bollinger Bands

Volatility expanded significantly during 02:45–04:00 ET as the price broke through the upper Bollinger Band, reaching a high of 3845.6. However, this expansion was followed by a sharp contraction, with the bands narrowing around 07:30–09:00 ET. Price has since remained within the bands, hovering around the 20-period moving average, indicating a potential low-volatility phase ahead.

Volume & Turnover

The most notable volume spikes occurred during 02:45–03:00 ET and 07:30–08:00 ET, with turnover surging to over $105,000 and $85,000 respectively. These were accompanied by strong price moves, suggesting genuine participation and momentum. Conversely, between 11:00–12:00 ET, turnover dropped to minimal levels despite moderate price movement, indicating a divergence that may hint at weaker conviction in the current trend.

Fibonacci Retracements

Key Fibonacci retracement levels were observed on the 15-minute chart during the 3761.76–3845.6 swing. The 61.8% level at 3813.25 provided temporary resistance, while the 38.2% level at 3804.20 coincided with several consolidation periods. On the daily chart, the 61.8% retracement of the previous major move is at 3785.0, which has shown strong support over the past 24 hours.

Backtest Hypothesis

A potential backtesting strategy could focus on breakout signals above the 3810.06 level, especially if confirmed by a bullish MACD crossover and strong volume. Given the recent rejection at 3830.0 and the presence of multiple bearish divergences, a counter-trend short strategy entering near 3803.0–3795.0 with a stop-loss above 3810.06 may be considered. This approach leverages both the Fibonacci retracement levels and the observed overbought RSI conditions as entry and exit signals, offering a structured, data-driven approach to range-bound trading.