Market Overview for Ethereum Classic/Tether (ETCUSDT) – 2025-10-01

• Ethereum Classic/Tether (ETCUSDT) rose from $18.13 to $19.13, reflecting strong bullish momentum.
• Price found key support near $18.20 and tested resistance at $19.13, showing clear direction.
• High-volume surges occurred around $18.42–$18.88 and again at $19.00–$19.13.
• RSI climbed into overbought territory, suggesting potential exhaustion.
• Bollinger Bands widened during the rally, signaling increased volatility.

Ethereum Classic/Tether (ETCUSDT) opened at $18.13 on 2025-09-30 12:00 ET and closed at $19.13 at 2025-10-01 12:00 ET. The pair reached a high of $19.13 and a low of $18.06 over the 24-hour period. Total trading volume was 280,082.52 ETC, and the notional turnover amounted to approximately $5.16 million.

Structure & Formations

Price action showed a strong bullish breakout following a consolidation phase between $18.20 and $18.50. A bullish engulfing pattern emerged at the $18.82–$18.88 level, which acted as a springboard for the subsequent $19.00–$19.13 rally. A key support level appears to have formed at $18.20, which was tested multiple times and held. A doji candle formed near $18.08–$18.14, indicating indecision before the price rebounded. The most recent swing high at $19.13 may serve as a short-term resistance level.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages showed a bullish crossover, reinforcing the upward trend. The 50-period MA acted as a dynamic support level during the consolidation phase. On the daily chart, the price is above both the 50-period and 200-period MAs, confirming the longer-term bullish bias. The 100-period MA at $18.70 may serve as a potential re-entry point for bears if the current rally stalls.

MACD & RSI

The MACD line crossed above the signal line early in the 24-hour period and remained in positive territory, reinforcing the bullish momentum. The histogram expanded during the $18.88–$19.00 move, signaling increasing buying pressure. The RSI reached overbought levels (above 70) near the $19.11–$19.13 high, suggesting potential exhaustion of the immediate bullish momentum. However, a strong volume increase during this phase indicates institutional participation.

Bollinger Bands

The Bollinger Bands widened significantly during the breakout phase, reflecting increased volatility. The price action remained above the upper band during the $18.88–$19.13 move, confirming the strength of the trend. During the consolidation phase, the price stayed within the bands, suggesting a period of range trading before the breakout. The current upper band is at $19.20, which could become a key level to watch in the next 24 hours.

Volume & Turnover

Volume spiked dramatically during the $18.88–$19.00 and $19.00–$19.13 moves, with the largest single candle contributing 29,705.29 ETC (worth ~$550,000). This volume surge aligns with the price breakout, confirming the strength of the rally. Notional turnover also showed significant increases during these periods, indicating strong institutional or large-cap investor involvement. No significant divergence between price and volume was observed, suggesting continued bullish conviction.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent $18.06–$19.13 move, the 61.8% level is at $18.84, which served as a key support during the consolidation phase. The 38.2% level at $18.58 was briefly tested but held during the rally. On the daily chart, the 50% retracement level from the broader move is at $18.70, a potential area for further testing. These levels may act as dynamic pivots for the next few days.

Backtest Hypothesis

Given the current trend and key technical indicators, a potential backtest strategy could involve a long entry above the 15-minute 50-period moving average with a stop-loss placed below the $18.20 support level. A take-profit target could be set at the 61.8% Fibonacci level at $18.84 for a shorter-term trade or at the 19.13 high for a more aggressive position. This approach assumes continued bullish momentum and institutional participation. The strategy aligns with the observed MACD and RSI signals, suggesting it would perform best during high-volume breakout phases.