Ethereum/Eurite Market Overview for 24-Hour Period (2025-09-20)

• ETHEURI broke above key resistance at 3815.63, closing near the session high of 3841.28.
• Volatility expanded sharply post-8:00 AM ET, marked by a 5% 15-minute move.
• RSI shows overbought conditions above 75, suggesting a potential pullback.
• Volume was concentrated in a late-night surge and a morning rally.
• A bullish engulfing pattern emerged near 3800.76, confirming a short-term reversal.

At 12:00 ET on 2025-09-20, Ethereum/Eurite (ETHEURI) opened at 3808.54, reached a high of 3841.28, and closed at 3832.25 after hitting a low of 3779.00. Total volume across the 24-hour period was 13.11, with a notional turnover of approximately 49,882.74. The price action reflects a strong recovery from a mid-session pullback, supported by a late-night rally and a sharp morning push.

Key support levels include 3800.76 and 3790.31, both of which were tested and held or rebounded from with volume confirmation. Resistance at 3815.63 and 3820.41 were sequentially breached. A bullish engulfing pattern formed at 3800.76 in the early morning hours, followed by a morning breakout above 3820.41. A doji near 3812.54 at 8:45 AM ET signaled a potential pause in upward momentum, which coincided with a large bearish move.

The 20-period and 50-period moving averages on the 15-minute chart are both above the price, indicating a bullish bias in the short term. The 50-period MA crossed above the 20-period MA near 3810.38, confirming a golden cross pattern. The MACD line crossed above the signal line at 3820.41, indicating strengthening bullish momentum. RSI reached overbought territory at 77, suggesting a possible correction in the near term.

Bollinger Bands expanded significantly between 8:00 AM and 8:45 AM ET, with the price briefly closing outside the upper band at 3829.79. Volatility has increased, with the 20-period band widening to 8.85 points. The price is currently trading above the upper band, suggesting a continuation of bullish sentiment. Volume spiked at 8:30 AM ET and again in the early morning, aligning with price highs and confirming trend strength. Notional turnover spiked alongside these moves, showing no divergence between price and volume.

Fibonacci retracement levels show that the recent pullback from 3841.28 to 3810.38 tested the 38.2% level at 3826.67 and rebounded, suggesting strong demand in that region. The 61.8% retracement level at 3813.19 was also a key support zone. In the daily chart, the 38.2% level of the prior week’s move sits at 3798.0, which was a key support in the previous night’s trading.

Backtest Hypothesis

A potential strategy for backtesting would involve entering long positions on the 15-minute chart at the close of a bullish engulfing pattern followed by a golden cross of the 20 and 50-period moving averages. A stop-loss could be placed at the recent support level of 3800.76, with a take-profit at the 61.8% Fibonacci retracement level of 3826.67. Given the recent RSI overbought condition and the expansion of Bollinger Bands, the strategy may also incorporate a trailing stop or exit when RSI drops below 70. This approach aligns with the observed breakout and momentum patterns seen in the data.