Market Overview for Ethereum Classic/Tether (ETCUSDT) on 2025-09-27

• Price climbed to $18.52 before retracing to close near $18.23.
• Volume surged during the initial upward move, then declined during the pullback.
• RSI and MACD showed bearish divergence during the afternoon sell-off.
• Bollinger Bands widened in the morning, then narrowed as volatility subsided.
• Key support appears at $18.15–$18.17, with resistance near $18.35–$18.40.

Price and Volume Summary

Ethereum Classic/Tether (ETCUSDT) opened at $18.17 on 2025-09-26 at 12:00 ET and reached a high of $18.52 before closing at $18.23 on 2025-09-27 at 12:00 ET. The total traded volume was 152,193.63 units, while the notional turnover amounted to approximately $2.78 million over the 24-hour period. The pair exhibited a bullish morning move and a bearish afternoon correction.

Structure & Formations

The 24-hour period featured a bullish engulfing pattern during the morning session as the pair pushed above $18.40. This was followed by a large bearish candle in the late afternoon, indicating short-term profit-taking or renewed bearish sentiment. A doji formed near $18.23 in the early evening, suggesting indecision. Key support levels appear at $18.15–$18.17, with resistance likely at $18.35–$18.40.

Moving Averages and Momentum

On the 15-minute chart, the 20-period and 50-period moving averages are currently intersecting near $18.28, indicating a neutral to slightly bullish bias. The 50-period average is above the 20-period, suggesting a potential consolidation phase. The MACD crossed below the signal line mid-day, indicating a bearish shift in momentum. RSI crossed into oversold territory in the early evening but has since rebounded, hinting at potential support around $18.15.

Bollinger Bands and Volatility

Volatility expanded early in the session as the price moved between the upper and middle Bollinger Bands. The bands have since narrowed, suggesting a period of consolidation. Price is currently trading near the middle band, with no immediate signs of a breakout. The contraction may lead to a sharp move either side if a catalyst emerges.

Volume & Turnover Analysis

Volume spiked in the early session as the price moved upward, reaching a peak of ~10,000 units during the $18.40–$18.52 rally. However, volume significantly declined during the afternoon pullback, suggesting weakening momentum. Turnover followed a similar trend, confirming the volume pattern. The lack of volume during the decline indicates that bearish pressure may be waning, at least for now.

Fibonacci Retracements

On the 15-minute chart, the recent high of $18.52 and low of $18.15 mark key retracement levels. The 38.2% retracement is at ~$18.35, and the 61.8% level is near $18.25. The price is currently approaching the 61.8% level, which could act as a pivot point. If the 61.8% level is breached, the next support target would be the 38.2% level, suggesting a possible consolidation within a defined range.

Backtest Hypothesis

A potential backtesting strategy for ETC/USDT could focus on using a combination of RSI divergence and moving average crossovers to identify early reversal signals. For example, a short signal might be triggered when RSI shows bearish divergence and the 20-period MA crosses below the 50-period MA. Given the recent divergence in both RSI and MACD, this setup appears to have had some predictive value in the 2025-09-27 session. Further testing over multiple cycles would be needed to confirm its reliability.