ENSUSDT Market Overview

Summary
• Price action shows a 24-hour range-bound profile with consolidation near 13.65.
• Volume surged sharply in late hours, particularly from 14:30 to 15:45 ET.
• Momentum indicators hint at overbought conditions mid-day, followed by a pullback.
• Bollinger Bands widened in the final hours, reflecting rising volatility.
• Fibonacci retracement levels suggest possible consolidation around key 13.63 and 13.74 levels.

Ethereum Name Service/Tether (ENSUSDT) opened at 13.63 on 2025-11-08 at 12:00 ET, reached a high of 14.44, a low of 13.29, and closed at 14.04 on 2025-11-09 at 12:00 ET. The 24-hour volume was 225,141.59 with a total turnover of 3,016,148.94 USD.

Structure & Formations

The price profile over the past 24 hours displayed a clear consolidation phase from 13.29 to 13.76 before breaking out decisively after 14:30 ET with a bullish impulsion to 14.44. Key support levels emerged at 13.63 and 13.54, while resistance levels were tested at 13.74 and 13.81. A bullish engulfing pattern formed around 14:30 ET as price surged from 13.81 to 14.27. A small doji appeared around 16:00 ET, hinting at potential indecision in momentum.

Moving Averages

On the 15-minute chart, price broke above the 20-period and 50-period moving averages during the early part of the day, reinforcing the bullish trend. On the daily chart, the 50- and 100-period MAs are converging around the 13.68–13.72 range, acting as dynamic support and possible re-entry points. The 200-period MA remains slightly bearish, sitting at 13.57.

MACD & RSI

The MACD showed a strong positive divergence in the final four hours, with a bullish crossover forming above the zero line. RSI pushed into overbought territory around 14:45 ET, peaking at 76, then retracted to 63 by 16:45 ET. This suggests the market may be consolidating after the sharp move higher, with potential for a pullback or a consolidation into a new base.

Bollinger Bands

Bollinger Bands expanded in the last three hours of the day as volatility increased, with price reaching nearly the upper band at one point. This volatility expansion often precedes a reversal or a continuation, depending on the strength of the breakout. Price currently sits near the mid-band, suggesting a potential equilibrium phase.

Volume & Turnover

Volume remained relatively low throughout the morning, but spiked sharply after 14:30 ET, coinciding with a price breakout to the high of 14.44. Notional turnover followed the same trend, surging above 14,000 USD per candle between 14:30 and 15:45 ET. Price and turnover moved in sync during this period, confirming the strength of the bullish move.

Fibonacci Retracements

Applying Fibonacci retracements to the key swing from 13.29 to 14.44, key levels at 38.2% (13.86) and 61.8% (14.11) were tested. Price briefly touched 14.25, which is near the 61.8% level, before retreating slightly. The 50% retracement level (13.86) is likely to see renewed interest in the next 24 hours, especially if volume remains strong.

Backtest Hypothesis

A potential backtest could involve leveraging the MACD divergence signal as a sell trigger for short-term traders. For example, a top divergence identified in the MACD—where price makes a higher high but MACD fails to follow—could signal a possible reversal point. Given ENSUSDT's recent volatility, a similar divergence could have offered a high-probability short entry in the final hours of the day. However, the strength of the bullish momentum and high volume suggest that divergence signals must be used with caution, particularly in highly liquid, fast-moving pairs like ENSUSDT.