Market Overview for Siacoin/Ethereum (SCETH) - October 4, 2025

• Slight bearish bias observed in the 24-hour price action of SCETH.
• Price remains range-bound near 6.1e-07, with no clear breakout above or below.
• Volume is highly uneven, with spikes in the early part of the session and again in the latter half.
• MACD and RSI indicate low momentum and a neutral-to-oversold market condition.
• Bollinger Bands show minimal volatility expansion, suggesting a consolidation phase.

Siacoin/Ethereum (SCETH) opened at 6.1e-07 on October 3 at 12:00 ET and remained within a narrow range over the next 24 hours. The 24-hour high and low were both 6.1e-07 and 5.9e-07 respectively, with a closing price of 5.9e-07 at 12:00 ET. Total volume was approximately 1,273,522.0 units, while turnover amounted to 753,865.4 ETH.

Structure & Formations

The price structure of SCETH over the past 24 hours has been tightly confined within a narrow range. A small bearish impulse occurred late in the session, pushing prices down to a new 24-hour low of 5.9e-07. This appears to be forming a consolidation pattern with a potential short-term support at 5.9e-07. No clear bullish or bearish candlestick patterns emerged during the session, though the final candle closed near the bottom of the range, suggesting cautious bearish sentiment.

Moving Averages

On the 15-minute chart, the 20 and 50-period moving averages remain closely aligned, reflecting the tight consolidation. The price has not managed to break above the 50-period line, which may act as resistance in the short term. On a broader scale, the 50, 100, and 200-day moving averages are relatively aligned, suggesting a flat market with no clear trend forming at this time. This flatness implies a potential setup for a breakout or a continuation of consolidation depending on volume and order flow in the coming days.

MACD & RSI

The Moving Average Convergence Divergence (MACD) histogram has been shrinking over the past 24 hours, indicating a lack of momentum. The MACD line has remained below the signal line, reinforcing a neutral to bearish outlook. The Relative Strength Index (RSI) has fluctuated between 45 and 55, staying well within the neutral zone. This suggests that the market has not reached overbought or oversold levels, but the low momentum points to a potential pause or sideways movement for SCETH in the near term.

Bollinger Bands

Bollinger Bands show a very tight range with minimal volatility expansion. Price action has remained close to the middle band, suggesting a lack of conviction in either direction. The upper band is at 6.1e-07 and the lower band is at 5.9e-07, reflecting the narrow consolidation. The bands have not contracted significantly, which may indicate that the market is waiting for a catalyst rather than experiencing a period of low volatility.

Volume & Turnover

Volume distribution over the 24-hour period was highly uneven. Two large volume spikes occurred at 18:30 and 04:45 ET, totaling 318,524.0 units. These spikes coincided with minor price movements near the top and bottom of the range, suggesting potential liquidity events. Notional turnover remained in line with volume, with no major divergences observed. The uneven distribution of volume may hint at strategic order flow placement by larger participants.

Fibonacci Retracements

Applying Fibonacci levels to the most recent 15-minute swing from 6.1e-07 to 5.9e-07, the 38.2% retracement level sits at approximately 5.9978e-07 and the 61.8% retracement at 5.9536e-07. These levels could serve as potential support or resistance markers in the coming session. On a daily scale, retracement levels are yet to form due to the flat price movement, but the immediate range between 5.9e-07 and 6.1e-07 remains the focus of attention.

Backtest Hypothesis

A potential backtesting strategy could involve setting a long entry near the 38.2% Fibonacci retracement level if SCETH shows signs of bouncing off the 5.9e-07 support. A stop-loss could be placed just below 5.88e-07, with a take-profit target at the 61.8% level of 5.9536e-07. This approach would rely on the assumption that the price is consolidating and could use Fibonacci levels as a psychological barometer for traders. The strategy would aim to capture small, low-risk reversals during a low-volatility period.