Market Overview for ether.fi/Tether (ETHFIUSDT) – 2025-10-03

• ETHFIUSDT traded higher over 24 hours, with a strong bullish bias after 18:15 ET.
• Price surged above 1.75 before consolidating near 1.76–1.78.
• Volatility increased sharply midday, with volume peaking at ~2.7M ETHFIUSDT.
• RSI moved into overbought territory, signaling potential pullback risks.
• Bollinger Bands widened, confirming increased market uncertainty.

The ether.fi/Tether pair (ETHFIUSDT) opened at $1.527 on October 2, 2025, and closed at $1.809 as of 12:00 ET on October 3. During the 24-hour window, the price touched a high of $1.819 and a low of $1.527. Total traded volume reached 27.3 million units, and notional turnover totaled $49.7 million, marking elevated liquidity after 18:00 ET.

The price action shows a strong bullish bias over much of the session, with a key turning point occurring at 18:15 ET when a large-volume bullish candle (volume: 3.5M, close: 1.732) marked the start of a sustained upward move. The 1.76–1.78 range emerged as critical support and consolidation territory, where the asset spent much of the latter half of the day. On the candlestick chart, a strong bullish engulfing pattern was observed at 18:15 ET, followed by a series of higher highs and higher lows, signaling institutional buying or strong market sentiment.

Moving averages on the 15-minute chart indicate that the 20SMA and 50SMA crossed above 1.65 midday, reinforcing the bullish bias. On the daily timeframe, the 50DMA, 100DMA, and 200DMA are likely aligned to the upside, suggesting the pair is in a multi-day bullish trend. MACD shows strong positive divergence in the second half of the session, with a bullish crossover and increasing histogram size. RSI reached 70–75 in the final hours, signaling overbought conditions and the risk of a near-term correction. Bollinger Bands are currently wide, with the price hovering near the upper band, indicating heightened volatility.

Fibonacci retracement levels on the 15-minute chart suggest that 1.76–1.78 represents the 50% and 61.8% retracement level from the 18:15 ET high. These levels have acted as strong support and are likely to be key watchpoints for near-term direction. On the daily chart, the 38.2% retracement (approx. 1.74) has historically acted as a pivot point in recent cycles.

Backtest Hypothesis
Given the strong bullish engulfing pattern and sustained momentum in the MACD and RSI, a backtesting strategy could be built around a long entry at the close of the bullish engulfing candle (1.732) with a stop-loss set just below 1.72 and a target at 1.76–1.78. A trailing stop could be implemented after the first 30 minutes to lock in gains as the price moved upward. This strategy would test the reliability of candlestick pattern confirmation in conjunction with momentum indicators during high-volume periods. A risk-reward ratio of 1:2 is achievable with this setup, making it suitable for conservative long bias strategies in the current market context.