Market Overview: Ether.fi/Tether (ETHFIUSDT) – 24-Hour Candlestick Summary

• ETHFIUSDT opened at $1.589 and closed at $1.488, with a high of $1.603 and low of $1.455 over 24 hours.
• A sharp bearish correction unfolded after an initial 15-minute bullish push, followed by consolidation and a rebound.
• Momentum weakened, with RSI dipping below 30 and volume declining during the consolidation phase.
• Volatility expanded during the early bearish move, with Bollinger Bands widening and price testing the lower band.
• A potential 61.8% Fibonacci retracement level at ~$1.503 emerged as a short-term support during the rebound.

The ether.fi/Tether (ETHFIUSDT) pair opened at $1.589 on 2025-09-25 at 12:00 ET and closed at $1.488 on 2025-09-26 at the same time, with a 24-hour high of $1.603 and a low of $1.455. Total volume amounted to 9,300,342.06, while notional turnover reached ~$14.3M. A bearish reversal developed early, with price dropping below key moving averages and RSI signaling oversold conditions by mid-day.

Structure on the 15-minute chart shows a bullish opening candle followed by a large bearish engulfing pattern that marked the beginning of the decline. Price then consolidated within a narrow range between $1.469 and $1.508, forming a series of doji and small-bodied candles. A late-day rebound, while not breaking the initial high, tested the 61.8% Fibonacci retracement level at ~$1.503. Key support levels appear to be forming near $1.475 and $1.455, with resistance at $1.508 and $1.531.

Bollinger Bands expanded during the early bearish phase, with price testing the lower band at $1.465 before rebounding. A contraction in the bands during consolidation suggests a potential for a breakout, though direction remains uncertain. The 20-period moving average crossed below the 50-period MA early in the session, reinforcing the bearish bias. On the daily chart, price remains below the 50-period MA at ~$1.53, while the 200-period MA sits around $1.58, forming a medium-term bearish backdrop.

RSI hit an oversold reading of ~28 during the consolidation phase, but failed to generate a strong reversal signal, suggesting bearish momentum may not be exhausted. MACD showed a bearish crossover early in the session and remained in negative territory for most of the 24 hours, confirming the downtrend. Volume increased during the initial bearish move but declined during the rebound, signaling weak conviction in the upside. A potential continuation pattern is emerging, with price bound by Fibonacci levels and key moving averages.

Backtest Hypothesis:
The suggested backtesting strategy focuses on capturing short-term corrections within a broader bearish trend by entering long positions on a break above the 61.8% Fibonacci retracement level (~$1.503) with a stop loss below the recent consolidation low. If confirmed by a close above $1.508 and a positive divergence in RSI, this setup could signal a short-term reversal. Conversely, a retest of the 1.475 support level with a breakdown below would reinforce the bearish bias. Given the recent pattern, this strategy could be tested using a 15-minute chart with RSI and Fibonacci tools to confirm entries and exits.