ETHDAI Market Overview: 24-Hour ETHDAI/DAI Technical Review

• Ethereum/Dai (ETHDAI) rose to a 24-hour peak of 4,053.11 before retracing, closing near 4,009.68.
• Momentum stalled near overbought levels as RSI declined from 65 to 52, suggesting possible near-term profit-taking.
• Volatility remained elevated during midday ET, with Bollinger Bands widening to 4,036.24–4,020.75 at peak.
• Volume was concentrated during the early ET session, with a high of 15.1995 ETH at 23:15 ET.
• A bearish divergence in volume and price emerged after 01:30 ET, signaling potential short-term downward bias.

Market Summary

Ethereum/Dai (ETHDAI) opened at 3,948.51 on 2025-09-26 at 12:00 ET and reached a high of 4,053.11 during the session. The pair closed at 4,009.68 on 2025-09-27 at 12:00 ET after dipping to a 24-hour low of 3,977.52. Total traded volume for the 24-hour period was 120.18 ETH, with a notional turnover of approximately $485,810.

Structure & Formations

Price on ETHDAI exhibited a bullish trend early in the session, forming a strong ascending triangle pattern from 3,948.51 to 4,053.11. A bearish reversal appeared at 4,036.24 as a shooting star and a dark cloud cover pattern developed between 23:00 and 00:15 ET. Key support levels are forming at 4,009.68 and 3,986.44, while resistance appears at 4,032.76 and 4,053.11. A 61.8% Fibonacci retracement level at 4,023.80 is currently acting as a potential pivot zone.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both bullish, with the price above both and trending upward. However, the 50-period MA has started to flatten out, suggesting a potential slowdown. On the daily chart, the 50-period MA is at 3,985.42, with the 100-period at 3,952.18 and the 200-period at 3,910.85, indicating that the price remains well above all long-term averages, suggesting sustained strength.

MACD & RSI

The MACD crossed into bullish territory early in the session and remained positive, although the histogram has started to contract after 04:00 ET, indicating waning momentum. The RSI peaked near overbought levels (72) at 18:00 ET and has since declined to 52, suggesting a pullback may be in progress. A bearish divergence is emerging between RSI and price action after 01:30 ET, adding caution for further upward moves.

Backtest Hypothesis

Applying the described backtesting strategy—entry at 3,980 with a stop-loss at 3,960 and a target at 4,040—shows potential for a 60-point gain in a 48-hour window. The ETHDAI price remained within this range during the 24-hour period, with a closing near 4,009.68 and a high of 4,053.11. This suggests that the strategy may perform well in a moderate volatility environment but risks a false break of 3,960 if a bearish reversal occurs. The use of moving averages and RSI divergence in the strategy aligns with observed patterns, adding a layer of technical validation.