Market Overview for Ether.fi/Tether (ETHFIUSDT) on 2025-11-04

• Price fell from $0.908 to $0.836 amid a bearish reversal pattern.
• Volume surged during the decline but shows divergences in the final hours.
• Momentum indicators signal oversold conditions, hinting at potential short-term bounces.

Ether.fi/Tether (ETHFIUSDT) opened at $0.902 on 2025-11-03 at 12:00 ET, reached a high of $0.917, fell to a low of $0.832, and closed at $0.836 as of 12:00 ET on 2025-11-04. Total 24-hour volume amounted to 5.5 million contracts, with a notional turnover of $4.79 million. The price action reflects heightened bearish momentum following a key breakdown.

Structure & Formations

The 15-minute OHLCV data reveals a bearish reversal pattern near the $0.900–$0.895 range, confirmed by a series of engulfing and bearish continuation candles. A key support level appears to be forming around $0.84–0.85, marked by a clustering of price consolidation and strong volume. Resistance levels include $0.87 and $0.885, with the latter being retested twice in the early morning hours.

Moving Averages

On the 15-minute chart, the price is well below the 20-period and 50-period moving averages, confirming a short-term downtrend. The 50-period line appears to function as a dynamic resistance. On a daily time frame, the 50/100/200 SMA lines are aligned to the downside, reinforcing bearish bias and suggesting the pair may struggle to recover above the 200 SMA unless a strong bullish reversal emerges.

MACD & RSI

The MACD line crossed below the signal line early on, confirming bearish momentum. RSI has fallen into oversold territory, currently below 30, hinting that further declines may be limited or that short-term bounces could occur. However, bearish divergence in RSI—where price continues lower while RSI flattens—suggests caution around immediate reversals.

Backtest Hypothesis

The described strategy—a combination of RSI oversold levels and a bearish engulfing pattern—could serve as a viable short-term sell signal on ETHFIUSDT. Given the recent RSI reading below 30 and a confirmed bearish engulfing formation at the $0.900–0.895 level, this setup could trigger a short bias in the next 24–48 hours. A stop-loss level above $0.865 and a target near $0.810 may offer a reasonable risk-reward profile. However, confirmation on the next bearish candle and divergence resolution are needed before entering a trade.