Market Overview: ETHFIUSDT – 24-Hour Technical Summary

Summary
• ETHFIUSDT found support near 0.750, with a bullish engulfing pattern forming after a sharp decline.
• Momentum reversed mid-session, with RSI shifting from oversold to neutral territory.
• Bollinger Bands widened after a contraction, indicating increased volatility and potential for range expansion.
• Volume surged during the 23:15–00:00 ET window, confirming price action in the 0.780–0.790 cluster.
• Fibonacci retracement levels at 0.788 and 0.778 showed strong price reaction, signaling key psychological levels.

At 12:00 ET on 2025-12-16, ether.fi/Tether (ETHFIUSDT) opened at 0.772, reached a high of 0.796, a low of 0.749, and closed at 0.793. Total volume was 7,486,204.9, with notional turnover of $5,934,394.50 over 24 hours.

Structure & Formations

Price tested key support near 0.750 before a bullish reversal emerged. A long lower shadow at 0.750–0.758 suggested capitulation, followed by a bullish engulfing pattern from 0.750 to 0.758.

Resistance emerged at 0.780–0.784 and 0.790–0.795, with price consolidating around 0.793 at close.

Moving Averages and Momentum

On the 5-minute chart, the 20-period MA crossed above the 50-period MA mid-session, signaling short-term strength. RSI bottomed at 28 near 0.750 and recovered to 52 by close, indicating a potential shift in momentum. MACD crossed zero around 02:00 ET, confirming a shift in bullish bias.

Volatility and Volume

Bollinger Bands contracted between 0.760 and 0.770 before expanding sharply, coinciding with the 0.780–0.795 rally. Notable volume spikes occurred between 00:00 and 01:00 ET, aligning with a strong move from 0.780 to 0.790. Turnover was concentrated during the 23:15–01:00 ET window, suggesting active participation from both retail and algorithmic buyers.

Fibonacci and Key Levels

Price retraced 61.8% of the 0.749–0.796 swing to 0.778 before pushing higher. A 38.2% retracement at 0.788 also acted as a key resistance-turned-support level. These levels suggest a possible range-bound setup in the near term if bulls hold above 0.778.

The market appears to have found a floor near 0.750 and is now testing upper boundaries around 0.790. A break above 0.795 could signal a resumption of the uptrend, while a retest of 0.778–0.780 may test buyer conviction. Investors should remain cautious, as volatility remains high and divergence risks persist if volume fails to confirm further gains.