Market Overview for AETH: 24-Hour Analysis

Summary
• AETH opened at $0.0001654 and closed at $0.0001626, down 1.69% over 24 hours.
• Price formed a bearish engulfing pattern during the early session, followed by consolidation.
• Volume spiked during the price drop but faded significantly post 21:15 ET, signaling weak follow-through.
• RSI approached overbought levels briefly but failed to confirm, suggesting bearish momentum.
• Volatility expanded mid-session, with a 15-minute drop of ~0.27% amid low turnover.

The Bitwise Trendwise Ethereum and Treasuries Rotation Strategy ETF (AETH) opened at $0.0001654 and traded between $0.0001654 and $0.00016 as of 12:00 ET on 2025-07-18. Total volume for the 24-hour window was 1,867.1 units, with turnover totaling $3.05. The session was marked by a sharp intraday drop to $0.0001602, followed by a partial recovery to close near $0.0001626.

Structure & Formations

AETH displayed a bearish engulfing pattern in the 16:00–16:15 ET 15-minute candle, signaling a potential reversal from a minor bullish bias. This was followed by a consolidation phase, with the price remaining flat around $0.0001641 for several hours. A key support level emerged around $0.0001626, where the price found a floor after a sharp intraday decline. The 0.00016–0.0001626 range appears to be forming a potential base.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed below the price during the decline, reinforcing the bearish bias. On the daily chart, the 50-period MA is above the 100-period MA, suggesting a longer-term bullish bias. However, the 200-period MA remains above the 50-period MA, indicating the market is still in a larger bullish trend, though short-term momentum is weak.

MACD & RSI

The MACD turned negative during the bearish move, with the histogram contracting as the price stabilized. RSI reached 68 briefly during the early sell-off but failed to stay above 60, suggesting bearish momentum is waning. The RSI has since retreated to 48, indicating a neutral to slightly bearish tone.

Bollinger Bands

Volatility expanded during the intraday drop, pushing the price below the lower Bollinger Band for a brief period. The price has since consolidated near the middle band, suggesting the market is in a consolidation phase. A breakout above or below the bands would likely require a catalyst or renewed volume.

Volume & Turnover

Volume spiked during the early bearish move, particularly at 21:15 ET, when a large 57.0-unit trade pushed the price down to $0.0001626. However, volume dried up significantly after that, with most 15-minute candles showing zero volume. This suggests weak follow-through and potential exhaustion in the bearish move.

Fibonacci Retracements

On the 15-minute chart, the decline from $0.0001654 to $0.0001626 reached the 38.2% Fibonacci retracement level, where the price found support. Further downward moves would test the 61.8% level at $0.0001611, while a recovery above $0.0001641 could indicate a short-term bullish reversal.

AETH may remain in a consolidation phase for the next 24 hours, with key support near $0.0001626 and resistance at $0.0001641. A break below $0.0001611 could signal a deeper correction, while a recovery above $0.0001645 may suggest renewed bullish momentum. Investors should monitor volume for confirmation of any directional move.