Market Overview for Ethereum Classic/Tether (ETCUSDT) - 24-Hour Summary as of 2025-10-13

• Ethereum Classic/Tether (ETCUSDT) closed 24 hours at 16.83, up from 16.17 with a high of 17.26 and low of 16.52.
• Key bullish momentum and price structure formed between 16.60–16.95, with a breakout above 17.00 triggering follow-through buying.
• Volatility surged in early hours, with volume peaking at 84,104.96 as price approached $17.10.
• RSI briefly entered overbought territory, while Bollinger Bands showed a clear expansion.
• Fibonacci 61.8% level at ~16.77 and 38.2% at ~17.00 marked critical psychological levels.

Ethereum Classic/Tether (ETCUSDT) opened at 16.17 on 2025-10-12 at 12:00 ET and closed at 16.83 on 2025-10-13 at the same time. The price reached a 24-hour high of 17.26 and a low of 16.52. Total volume across the 24-hour window was 1,239,902.27, with notional turnover reflecting significant liquidity accumulation in the early hours of the session.

Structure & Formations

Price action on ETCUSDT displayed a strong bullish bias over the past 24 hours, forming a clear bullish structure between 16.60 and 17.26. A key pattern emerged in the early morning hours (ET), where a series of higher highs and higher lows formed a small ascending triangle pattern. A breakout above the 17.00 level was confirmed with a 15-minute bullish engulfing pattern at 07:30 ET. The key support level appears to be at 16.60, while resistance is now at 17.05–17.10, where price has shown minor rejection in the latter half of the session. A 15-minute doji at 04:45 ET also suggests a moment of indecision near the 16.75–16.80 zone.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart showed a strong bullish crossover, with price consistently trading above both. On the daily chart, the 50-period MA is now below the 200-period MA, indicating a longer-term bearish bias. However, the 50-period MA is beginning to turn upwards as ETCUSDT consolidates above key resistance levels.

MACD & RSI

MACD showed a strong positive crossover in the early hours, confirming the bullish breakout above 17.00. The histogram continued to expand through the morning, signaling growing momentum. RSI reached 68–70 levels during the breakout, indicating overbought conditions, though not extreme. A pullback into the 50–55 range could signal a re-entry point for buyers. RSI divergence was minimal, though a bearish divergence appeared near the 17.15–17.10 level in the afternoon.

Bollinger Bands

Bollinger Bands showed a clear expansion during the breakout, with price trading above the upper band during the morning session. This signaled heightened volatility and a strong bullish momentum. As of the 16:00 ET close, price has since retracted into the upper half of the band, suggesting that volatility is beginning to normalize. A retest of the lower band at ~16.60–16.70 could trigger a short-term reversal.

Volume & Turnover

Volume spiked to a 24-hour high of 84,104.96 at 07:30 ET during the breakout above 17.00, confirming strong institutional buying. Notional turnover also surged during this period, reaching ~1.4 million USD in a single 15-minute interval. However, as price approached 17.10, volume began to taper, suggesting a possible short-term peak. The divergence between price and volume in the 17.10–17.15 zone may indicate a temporary pause in the bullish momentum.

Fibonacci Retracements

Applying Fibonacci levels to the key 24-hour swing (16.52–17.26), the 61.8% retracement level sits at ~16.77, which was tested and held in the mid-session. The 38.2% retracement at ~17.00 was a critical level for buyers, with a successful hold confirming bullish control. A break above the 17.24 level would target the 17.55–17.60 zone, while a breakdown below 16.60 would test the next major support at 16.34.

Backtest Hypothesis

Given the identifiable bullish structure, strong volume confirmation, and key Fibonacci levels in play, a backtesting strategy could be designed to target entries at the 16.60–16.70 zone with a stop-loss below 16.34 and a target at 17.00–17.10. For a daily-level Morning-Star backtest, the strategy would look for a bullish reversal pattern at key support levels confirmed by volume. A custom 15-minute version could be implemented using intraday candle logic, but the daily approximation would provide a more robust backtest given current constraints. The breakout above 17.00 and the subsequent pullback offer a valid case for a one-bar reversal strategy with a favorable risk-to-reward profile.