Market Overview for Ethereum/Eurite (ETHEURI) – October 7, 2025

• Ethereum/Eurite opened at $3,985.37, reached a high of $4,040.39, and closed at $4,040.00 after volatile 24 hours.
• Price swung between key resistance and support levels, with a bullish breakout forming in late trading.
• High volatility persisted, with Bollinger Bands widening after a midday contraction.
• Volume surged during late-night and early-morning hours, confirming price momentum.
• RSI signaled overbought conditions near the 70 level, suggesting a possible pullback or consolidation.

Ethereum/Eurite (ETHEURI) opened at $3,985.37 on October 6, 2025, at 12:00 ET, and closed at $4,040.00 on October 7, 2025, at the same time. The pair reached an intraday high of $4,040.39 and a low of $3,839.14 during the 24-hour period. Total volume for the period was 128.02 units, with a notional turnover of approximately $518,086. Price action was characterized by a strong rally late in the day, capped by a bullish breakout and confirmed by rising volume.

Structure & Formations

Key support levels were identified around $3,975.00 and $3,931.23, where the price found temporary refuge during pullbacks. Resistance levels emerged at $4,000.00, $4,020.00, and finally $4,040.00, where the price stalled. A bullish engulfing pattern formed between 05:30 and 06:00 ET on October 7, confirming a reversal after a period of consolidation. A potential bearish divergence also appeared in the late afternoon at $3,869.84, as price failed to break a prior low but volume remained strong.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended upward, crossing above the 3,990.00 level by midday and moving higher through the session. The 50-period line remained above the 20-period line, signaling a strong uptrend. On the daily chart, the 50-period moving average was at $3,960.00, while the 200-period line was at $3,870.00, indicating a broader bullish bias but with recent momentum outpacing long-term averages.

MACD & RSI

The MACD crossed into positive territory in the early evening, confirming the bullish breakout. The histogram showed a widening divergence, suggesting increasing momentum. RSI reached overbought levels at 72 near $4,040.39, indicating a possible overextension. A bearish signal appeared in the late afternoon when RSI dipped below 50, followed by a short-lived bearish reversal before the final rally.

Bollinger Bands

Bollinger Bands showed a significant expansion during the late hours of October 7, as price surged above the upper band at $4,040.39, indicating high volatility. Earlier in the session, a contraction occurred between 02:30 and 03:30 ET, forming a period of consolidation that preceded the breakout. Price spent much of the session above the 1-standard deviation line, suggesting bullish pressure and a lack of bearish follow-through.

Volume & Turnover

Volume was concentrated in the late-night and early-morning hours, with significant surges at 05:15, 05:30, and 06:00 ET. These surges coincided with the breakout to $4,040.00 and were accompanied by rising notional turnover. A volume divergence was observed between 15:00 and 16:00 ET, as price declined while volume remained weak, hinting at a potential bearish trap. However, the overall volume pattern confirmed the late-day rally.

Fibonacci Retracements

Fibonacci retracements drawn from the low of $3,839.14 to the high of $4,040.39 showed the price bouncing off the 61.8% level at $3,973.00 before surging to the 100% extension. On the daily chart, a 61.8% retracement from the previous bearish leg was found near $3,950.00, a level the price tested but failed to break, suggesting strong buyer interest.

Backtest Hypothesis

The backtesting strategy described involves using a 20-period and 50-period moving average crossover as a trade trigger, with stop-loss placed at the prior swing low and take-profit at the 1.618 Fibonacci extension of the move. This approach aligns with the observed price action on the 15-minute chart, where the 20-period MA crossed above the 50-period MA during the consolidation phase, and the subsequent breakout was confirmed by rising volume and bullish engulfing patterns. If this strategy were applied, it would have captured most of the upward move from $3,975.00 to $4,040.39, with a stop-loss at $3,950.00 and a take-profit at $4,144.00.

Forward-Looking View

Looking ahead, Ethereum/Eurite could consolidate near $4,040.00 before testing the next resistance level at $4,100.00. A break below $3,975.00 could trigger a deeper pullback toward the 38.2% Fibonacci level at $3,940.00. Investors should monitor RSI for overbought signals and Bollinger Band contractions for potential reversals. As always, volatility remains high, and sudden corrections or surges are possible with minimal warning.