ETHARS -45.84% Daily Drop Amid Broader Volatility

On SEP 8 2025, ETHARS dropped by 52.75% within 24 hours to reach $6291861, ETHARS rose by 31.23% within 7 days, rose by 169.36% within 1 month, and rose by 4947.05% within 1 year.

Following a sharp correction in ETHARS’ price, traders and investors are recalibrating exposure to the asset. The 52.75% decline over a single 24-hour period has triggered stop-loss triggers and forced selling across several major derivatives platforms. The drop contrasts with a 31.23% recovery observed over the preceding seven days and follows a broader 169.36% gain recorded in the past month, suggesting the asset remains highly volatile despite its long-term upward trajectory.

Technical indicators suggest ETHARS may be consolidating following its recent drop. A breakdown below critical support levels has sparked renewed bearish momentum, with the RSI dropping into oversold territory and the MACD histogram showing divergences that suggest a potential reversal. Analysts project further short-term weakness before a resumption of the longer-term uptrend could take hold.

Traders are closely watching key resistance and support levels for confirmation of the next directional move. A sustained rebound above $6500000 could signal the end of the current correction, while a failure to hold above $6000000 may extend the downward move.

Backtest Hypothesis

A proposed backtesting strategy evaluates the potential effectiveness of a mean-reversion approach applied to ETHARS. This strategy employs a 50-period and 200-period moving average crossover combined with the Stochastic RSI to identify overbought and oversold conditions. The model suggests entering short positions when the 50-period MA crosses below the 200-period MA and the Stochastic RSI indicates oversold levels, with long positions initiated upon a reversion to overbought territory. Stops are placed at key Fibonacci levels below recent lows. This strategy aims to capture short-term volatility while aligning with the broader trend identified by the longer-term moving averages.