Market Overview for ether.fi/Tether (ETHFIUSDT) on 2025-09-21

• ETHFIUSDT opened at 1.544, reached a high of 1.563, and closed at 1.505, with 24-hour trading volume exceeding 8.9 million units.
• A significant bearish divergence in price and volume was observed after 18:00 ET, with price declining despite mixed volume activity.
• Key support emerged around 1.500–1.502, as price repeatedly found buyers in the 1.500–1.504 range in the final hours.
• RSI dipped below 30 multiple times, indicating potential oversold conditions, but failed to trigger strong rebounds.
• Volatility remained compressed within a Bollinger Band range, with price hovering below the 15-minute 20-period MA for most of the session.

Ether.fi/Tether (ETHFIUSDT) opened at 1.544 on 2025-09-20 at 12:00 ET, hit a high of 1.563, and closed at 1.505 on 2025-09-21 at 12:00 ET. The pair traded with a total volume of 8,918,748.7 units and a notional turnover of approximately $13,450,586.56 (based on closing prices and volume data).

Structure and formations revealed a bearish bias from mid-session, with price forming multiple bearish engulfing patterns and a long upper shadow at 17:30 ET indicating rejection of higher levels. A key support zone emerged near 1.502–1.504, where the price found buyers during the early morning hours. Notably, a doji appeared at 04:45 ET, suggesting indecision and a potential turning point in the short-term trend. Resistance levels are currently clustered around 1.515–1.520, where price has shown consistent rejection over the last 48 hours.

The 15-minute 20-period MA (1.509) and 50-period MA (1.512) remained above the current price, reinforcing the bearish bias in the short term. On the daily chart, the 50/100/200-period MAs are not available in the dataset but are known to trend higher, which may present a medium-term bearish divergence as price continues to trade below them. The 20-period MA may serve as an immediate overhead resistance if the price attempts a rebound.

MACD remained negative throughout the session, with the line dipping below the signal line twice, indicating bearish momentum. RSI hovered near 30 at the end of the session, pointing to oversold conditions but without a strong follow-through in buying. Bollinger Bands showed a contraction during the overnight hours, suggesting a period of consolidation before the morning breakout lower. Price remained below the 20-period Bollinger Band midpoint for most of the session, reinforcing bearish tendencies.

Volume and turnover data revealed mixed behavior. While the total 24-hour volume was substantial, late-night volume (post 23:00 ET) was relatively thin, suggesting a lack of conviction in bearish moves. However, price continued to decline, indicating a possible divergence between volume and price action. This could imply either weak buyers or aggressive selling pressure from larger participants.

Fibonacci retracements applied to the recent swing from 1.563 (high) to 1.501 (low) show key levels at 1.538 (38.2%), 1.522 (50%), and 1.510 (61.8%). The price found support near the 61.8% level during the early morning hours, suggesting it may be a critical area to watch for near-term bounces or breakouts.