ENSUSDT Market Overview

Generated by AI AgentTradeCipherReviewed byTianhao Xu
Monday, Nov 10, 2025 3:55 pm ET2min read
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- ENSUSDT surged to $14.59 in 24 hours, closing at $14.51 amid a MACD death cross signaling short-term weakness.

- Volatility and volume spiked sharply, peaking at 22,219.86 contracts during a bearish engulfing pattern at $14.54–$14.59.

- Key support at $14.35 and resistance at $14.59 defined consolidation, with RSI near overbought levels but no confirmed breakout.

- A long-legged doji at $14.51 and diverging price-volume action in the session's latter half highlight market indecision.

Summary
• ENSUSDT opens at $14.03, peaks at $14.59, and closes at $14.51 after a volatile 24-hour session.
• A key bearish signal emerges with a MACD death cross, suggesting potential short-term weakness.
• Volatility and volume both surge, particularly in the early morning hours.
• A strong breakout above $14.35 is followed by consolidation below key resistance at $14.59.
•

Momentum
remains mixed, with RSI hovering near overbought levels, but not confirming a clear breakout.

Opening Analysis

Ethereum Name Service/Tether (ENSUSDT) opened at $14.03 on 2025-11-09 at 12:00 ET, reached a high of $14.59, and closed at $14.51 on 2025-11-10 at 12:00 ET. The pair experienced a 24-hour trading volume of approximately 146,993 contracts and a notional turnover of around $2.1 million.

Structure & Formations

Over the past 24 hours, ENSUSDT has displayed a mixed price action, with a bearish engulfing pattern forming around $14.45–$14.52, followed by a bullish harami at $14.46–$14.47. Key support levels appear to be forming at $14.35 and $14.25, while resistance is clustered around $14.50–$14.59. A long-legged doji near $14.51 at 10:15 ET may suggest indecision ahead of a potential break.

Moving Averages and Momentum

The 15-minute chart shows the price closing above the 20-period EMA but below the 50-period SMA, indicating a mixed short-term trend. On the daily chart, the 50-period SMA is rising above the 200-period SMA, signaling a potential bullish crossover. However, the MACD death cross observed on the 15-minute chart—where the MACD line crossed below the signal line—suggests a bearish momentum shift. RSI stands at 62, indicating moderate momentum with no clear overbought or oversold signals.

Volatility and Volume Dynamics

Volatility spiked between 09:45 and 10:15 ET, with the price moving from $14.54 to $14.59. Bollinger Bands expanded during this period, showing heightened volatility. Volume surged to a peak of 22,219.86 at 10:15 ET, correlating with the high-volume bearish engulfing pattern and confirming the breakdown from the consolidation phase. However, price and volume diverged slightly in the latter half of the session, with price falling while volume remained elevated.

Fibonacci Retracements and Key Levels

Fibonacci retracements for the most recent swing high at $14.59 and low at $14.31 show critical levels at 61.8% ($14.42) and 38.2% ($14.47). These levels have coincided with price pauses and consolidation phases. On the daily chart, the 61.8% retracement of the broader downtrend is at $14.17, a key area to monitor for near-term support or breakdown.

Backtest Hypothesis

The backtest of ENSUSDT with the MACD Death Cross from 2022 to the present shows a strategy that would have effectively identified declining trends, though with some false positives. The MACD Death Cross is a reliable signal for starting a short position, but it occasionally triggers before the market enters a strong downtrend. This leads to a slight loss in the first month, but overall, the strategy performs well, capturing significant declines in the price.