Market Overview for Ether.fi/Tether (ETHFIUSDT) – 24-Hour Technical Summary

• Ether.fi/Tether (ETHFIUSDT) surged 11.7% in the last 24 hours, closing at 1.605 after a sharp rebound from 1.453.
• Key support around 1.45–1.47 held through early volatility, while resistance at 1.60–1.62 has been tested multiple times.
• Volume spiked sharply during the 24-hour window, peaking around 1.60–1.62 as the pair reversed higher.
• MACD and RSI confirmed bullish momentum midday, but divergence emerged as price neared 1.62, suggesting caution.
• Volatility expanded significantly, with Bollinger Bands reflecting a wide range, indicating heightened uncertainty or positioning.

Ether.fi/Tether (ETHFIUSDT) opened at 1.490 on 2025-09-23 at 12:00 ET and closed at 1.605 by 12:00 ET on 2025-09-24. The pair traded between 1.453 and 1.638 during the 24-hour period, with a total trading volume of 9.32 million contracts and a notional turnover of $14.95 million.

Structure and price action on the 15-minute chart revealed a strong bullish reversal pattern forming around 1.45–1.47, with a key bullish engulfing pattern observed at the 1.454–1.469 level. This pattern coincided with a volume spike, indicating aggressive buying interest. From 03:00 ET onward, the pair consolidated around 1.54–1.58 before accelerating higher. A doji formed at 1.611–1.612, signaling potential exhaustion in the current rally.

The 20-period and 50-period moving averages on the 15-minute chart crossed to the upside as the pair broke above 1.58, confirming a shift in momentum. The 50-period moving average on the daily chart also crossed above the 200-period line, indicating a medium-term bullish trend. The 50/200 crossover on daily charts reinforces the view that ETHFIUSDT is in a long-term uptrend.

MACD turned positive and remained above the signal line, suggesting sustained upward momentum, though divergence emerged in the last few candles as price neared 1.62. RSI reached 70 at 1.625 and pulled back slightly, indicating overbought conditions. Bollinger Bands widened significantly, reflecting heightened volatility. Price has been spending more time near the upper band, suggesting over-extended bullish positioning.

Volume and notional turnover surged during the 07:00–10:00 ET period as the pair moved from 1.58 to 1.61, with volume peaking at 1.611–1.612. The price increase and volume expansion aligned, confirming strength in the rally. However, a recent pullback to 1.605 did not see a corresponding volume drop, suggesting buyers remain engaged.

Key Fibonacci levels from the 1.453–1.638 swing show the current price at 38.2% (1.569) retracement from the high. This suggests a potential pause or consolidation phase ahead. On the 15-minute chart, a 61.8% retracement at 1.593 has been tested multiple times, acting as dynamic support and possibly a key area for near-term buyers.

Backtest Hypothesis
The backtest strategy described involves entering long positions when the 20-period moving average crosses above the 50-period moving average on the 15-minute chart, with an exit rule at the 61.8% Fibonacci retracement level of the current swing. Stop-loss is placed at the 38.2% level. This strategy would have been triggered multiple times during the 24-hour period, particularly around the 1.58–1.605 move. While the initial signal at 1.58 was confirmed by volume and price action, the 61.8% level at 1.593 was reached twice, offering potential profit-taking points. However, divergence in MACD and RSI near 1.61 suggests caution in relying solely on this setup without additional confirmation.