Market Overview for Ether.fi/Tether (ETHFIUSDT)

Summary
• Price tested key resistance at 0.778–0.780 before consolidating.
• Momentum waned near 0.784 with RSI signaling overbought exhaustion.
• Bollinger Bands expanded as volatility increased during early recovery.
• Volume spiked during late-night rebound but diverged from bullish price action.
• Daily close near 0.76 confirms bearish pressure amid weak follow-through.

At 12:00 ET–1, ether.fi/Tether (ETHFIUSDT) opened at 0.761, reached a high of 0.786, and closed at 0.76 at 12:00 ET, with a low of 0.753. The 24-hour volume totaled 2,883,118.1 units, and notional turnover was $2,189,255.97.

Structure & Key Levels

Price formed a bearish engulfing pattern near 0.784 and a potential doji at 0.774, reinforcing resistance at 0.778–0.780. Support levels were tested at 0.76 and 0.756, where consolidation occurred after multiple attempts to reclaim higher ground.

Moving Averages and Momentum

On the 5-minute chart, the 20-period MA (0.766) and 50-period MA (0.768) crossed bearishly, suggesting short-term bearish bias. The 24-hour RSI reached 68–70, signaling overbought conditions during the overnight rebound but failed to confirm strength with volume.

Volatility and Bollinger Bands

Volatility expanded as price moved between the upper and lower Bollinger Bands (±2σ), with a period of contraction noted before the 0.778–0.780 breakout. The current close at 0.76 resides near the lower band, hinting at a potential pullback.

Volume and Turnover Analysis

Volume spiked during the 0.778–0.784 rebound but showed divergence as turnover failed to confirm strength. Notional turnover hit $109k at 03:15 ET with a high of 0.778, followed by rapid unloading.

Fibonacci Retracements

On the 5-minute chart, price retested the 61.8% retracement at 0.774 and failed to break 0.778–0.780. Daily retracements highlight key support at 0.76 (38.2%) and 0.756 (61.8%), which could define near-term boundaries.

Price may consolidate near 0.76–0.77 in the short term, with potential for a test of 0.753 if bearish momentum intensifies. Investors should remain cautious, as volume divergence suggests a lack of conviction in recent bullish moves.