Market Overview for Ethereum/Tether (ETHUSDT) – 2025-10-12

• Price surged from a 24-hour low of $3,643.33 to a high of $4,080.00 amid volatile trading.• Ethereum/Tether (ETHUSDT) formed a bullish engulfing pattern near the session low and later tested key resistance at $3,830–$3,845.• Volatility expanded significantly as Bollinger Bands widened, with price closing near the upper band at $4,009.26.• Momentum accelerated in the final hours, with volume spiking over 80,000 at the $4,000–$4,050 level.• RSI and MACD showed strong positive divergence, suggesting potential for continued upward movement.

Ethereum/Tether (ETHUSDT) opened at $3,827.88 on 2025-10-11 at 16:00 ET and closed at $4,009.26 the following day. The pair hit a 24-hour low of $3,643.33 and a high of $4,080.00. Total volume amounted to 414,461.88 ETH, with a notional turnover of $1,592,205,090.25.

Structure & Formations

The 24-hour period displayed multiple key price levels and patterns. A bearish breakdown occurred during the early afternoon hours, with a significant selloff pushing the price down to $3,660.57, forming a long bearish candle with a wide range. This was followed by a bullish reversal as a series of higher lows and bullish engulfing patterns emerged between $3,720 and $3,740. Later in the session, a large bullish bar closed near the upper Bollinger Band, indicating strong buying pressure. A key resistance area formed between $3,830 and $3,845, which was tested twice and eventually broken during the final hours of the day.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA in the late morning, signaling a potential short-term bullish trend. The 50-period MA acted as a dynamic support during the consolidation phase between $3,740 and $3,760. On the daily chart, the price closed above the 50-period MA for the first time in several sessions, suggesting a shift in momentum toward a longer-term bullish bias. The 100- and 200-period MAs remained below the current price, adding confirmation to the bullish crossover.

MACD & RSI

The MACD turned positive in the late afternoon and remained bullish for the rest of the session, indicating sustained buying momentum. A strong divergence appeared in the final hour as price accelerated higher while MACD remained in positive territory. The RSI reached overbought territory (above 70) in the last three 15-minute bars, suggesting that further gains might be met with profit-taking or consolidation. However, the RSI remained in a strong bullish trajectory for most of the session, with no signs of bearish exhaustion.

Bollinger Bands

Volatility expanded dramatically as Bollinger Bands widened from a narrow range in the early session to a wide range of over $400 by the end of the day. Price spent a significant portion of the session near the upper band, especially in the final four hours, which is a sign of strong bullish momentum. The lower band served as a temporary floor around $3,660, but the asset quickly rebounded after that. A potential short-term pullback may test the mid-band at $3,850–$3,860.

Volume & Turnover

Volume and notional turnover surged significantly as the price approached key resistance and breakout levels. The largest single 15-minute candle in the dataset, at $4,052.21, had a volume of 27,638.42 ETH and a turnover of $110,727,016. This was followed by another large volume bar at $4,009.26 with 12,326.99 ETH and $49,343,725 turnover. The volume profile showed strong confirmation of the breakout and suggests that institutional or large-cap buyers were active near the $4,000 level. No clear price-volume divergences were observed during the session, indicating strong conviction behind the move higher.

Fibonacci Retracements

Using the 24-hour low of $3,643.33 and the recent high of $4,080.00, key Fibonacci levels were identified at $3,774.54 (38.2%), $3,871.55 (50%), and $3,968.57 (61.8%). Price tested the 50% and 61.8% levels before breaking above $4,000. A potential pullback could test the 61.8% level at $3,968.57 as a possible support area in the next 24 hours.

Backtest Hypothesis

The backtesting strategy described in the provided text could be effectively applied to the patterns observed in the 15-minute OHLCV data. Specifically, the formation of bullish engulfing candles and the breakout above the 50-period moving average align with the conditions outlined in the strategy for entering a long position. A potential entry point was visible during the morning session, as price broke above a key resistance at $3,830 with confirmation from volume and moving average crossovers. If the strategy had been applied at that point, it would have captured the subsequent bullish move toward $4,000. Given the strong momentum and RSI divergence, the strategy may offer a viable approach to capitalize on similar setups in the near term.