ETHEURI Market Overview for 2025-09-21

• ETHEURI declined 2.07% over 24 hours amid rising volatility and bearish momentum.
• Key support held at 3804.68, with a 15-minute bearish engulfing pattern visible.
• RSI entered oversold territory, suggesting potential for short-term reversal.
• Volume surged during the decline, confirming bearish conviction.
• Bollinger Bands expanded, reflecting heightened market uncertainty.

Ethereum/Eurite (ETHEURI) opened at 3832.5 at 12:00 ET − 1 and closed at 3804.68 at 12:00 ET on 2025-09-21, with a high of 3840.94 and a low of 3790.0. The 24-hour volume reached 5.73 with a total turnover of 21,775.55 EUR. The asset experienced a volatile pullback, with bearish momentum and multiple confirmatory candlestick patterns.

Structure & Formations

ETHEURI formed a bearish engulfing pattern around 3820–3826, confirming a shift in sentiment from bullish to bearish. A doji appeared at 3807.19, indicating indecision, followed by a decisive break below that level. Key support levels include 3804.68 (tested twice) and 3790.0 (breakout level). Resistance is found at 3812.54 and 3820.41, where previous bearish rejection occurred.

Moving Averages

On the 15-minute chart, the price closed below the 20- and 50-period moving averages, reinforcing the bearish bias. For the daily chart, the 50-, 100-, and 200-period moving averages are likely aligned bearishly, with the price below all three, indicating a potential continuation of the downtrend unless strong reversal candles appear.

MACD & RSI

The MACD showed a bearish crossover with a declining histogram, confirming the pullback. RSI dropped into oversold territory (below 30), which may signal a short-term rebound or consolidation. However, bearish divergence in the RSI suggests ongoing downward pressure, and a sustained move above 40 would be needed to confirm a reversal.

Bollinger Bands

The Bollinger Bands expanded significantly during the decline, reflecting rising volatility. The price has remained near the lower band for much of the 24-hour window, which is a bearish sign. A break above the upper band would indicate a reversal, but such a move has yet to materialize.

Volume & Turnover

Volume increased sharply during the price decline, especially between 02:30 and 05:15 ET, indicating strong bearish conviction. Notional turnover aligned with the price move, showing no divergence. The quiet volume in the final hours suggests possible consolidation or a pause in the move, though further bearish activity remains likely.

Fibonacci Retracements

On the 15-minute chart, the 61.8% Fibonacci retracement level aligns near 3812.54, which acted as a resistance point and was rejected twice. On the daily chart, the 38.2% retracement of the recent leg down is at 3832.25, a level that failed to hold during the 15-minute decline.

Backtest Hypothesis

The described backtesting strategy focuses on short-term bearish setups using 15-minute candlestick patterns and RSI conditions. A potential entry would occur on confirmation of a bearish engulfing pattern followed by RSI dipping below 30. A stop-loss above the recent swing high (3820.41) and a take-profit at 3790.0 could be considered. Given ETHEURI’s recent action, this setup appears to have high probability over the next 4–6 hours, though a breakout above 3812.54 would invalidate the trade.