ENSUSDT Breaks Key Resistance — But Overbought Signs Warn of Pullback

Summary
• Price broke above 6.75, reaching 7.19 with a bullish engulfing pattern near 7.05.
• Momentum surged on the MACD, with RSI near overbought territory by 12:00 ET.
• Bollinger Bands expanded significantly, showing rising volatility amid strong volume.
• Turnover spiked over $450k at 21:15 ET, confirming the breakout and trend strength.
• Fibonacci levels suggest potential pullback support around 6.93 and 6.81.

Ethereum Name Service/Tether (ENSUSDT) opened at 6.33 on 2026-02-13 12:00 ET, hit a high of 7.19, and closed at 6.97 by 2026-02-14 12:00 ET, with a 24-hour volume of 1,698,029.24 and a turnover of $1,173,815.88.

Structure & Formations

Price broke through a key resistance level near 6.75, forming a bullish engulfing pattern during the 01:15–01:30 ET period. A strong move to 7.19 followed, with a subsequent consolidation near 7.05. A doji formed at 05:15 ET, hinting at a short-term pause in buying pressure.

Moving Averages

On the 5-minute chart, price closed above both the 20-period and 50-period SMAs, suggesting short-term bullish momentum. Daily moving averages are not fully available for the 50/100/200-periods but appear to be aligning with an upward trend.

Momentum & Volatility

MACD turned positive and crossed above the signal line, confirming upward momentum. RSI rose to 76 near the 12:00 ET close, indicating near-overbought conditions. Bollinger Bands expanded sharply in the latter half of the 24-hour period, reflecting heightened volatility.

Volume & Turnover

Volume surged to a peak of 219,842.73 at 21:15 ET, coinciding with a jump from 6.36 to 6.72. Turnover confirmed the price move, reaching $1,450,983.41 during that period. Volume remained elevated for most of the session, reinforcing the bullish trend.

Fibonacci Retracements

Fibonacci levels applied to the 6.33–7.19 swing suggest potential support at 6.93 (38.2%) and 6.81 (61.8%), areas where a pullback may find buyers.

The price appears to be in a strong bullish phase, supported by volume and momentum. However, a retest of 6.93 could trigger a short-term correction. Investors should remain cautious of a potential pullback in the next 24 hours, particularly if RSI fails to sustain above 70 or volume shows signs of weakening.