Market Overview for ether.fi/Tether (ETHFIUSDT)

• ETHFIUSDT declined 5.8% over 24 hours, closing at 1.619 after hitting a high of 1.752 and a low of 1.602.
• Strong bearish momentum confirmed by RSI (46) and MACD (negative divergence), indicating ongoing sell pressure.
• Volatility remained elevated, with price moving between 1.602 and 1.752, but volume declined in recent bearish sessions.
• Key support now at 1.617–1.624, and resistance at 1.63–1.646 appears intact as a near-term ceiling.
• No clear bullish reversal pattern confirmed; traders remain cautious with stop-loss near 1.602.

Ether.fi/Tether (ETHFIUSDT) opened at 1.721 on October 8, 2025 at 12:00 ET, surged to a high of 1.752, and declined sharply to a low of 1.602 before closing at 1.619 on October 9, 2025 at 12:00 ET. Total traded volume over the 24-hour period was 17,562,566.7 and notional turnover reached $29,024,257.19. The asset is under bearish pressure, with a clear trend lower on 15-minute and daily charts.

Structure & Formations

The 24-hour chart shows a decisive breakdown from key resistance at 1.646–1.664, with price consolidating now in the range of 1.602–1.624. A notable bearish engulfing pattern formed on the 15-minute chart between 22:30 and 23:00 ET, confirming a shift in sentiment. The formation of a bearish flag pattern is evident from 1.72 to 1.602, with clear sell-side exhaustion at 1.602. A bearish doji formed at 02:15–02:30 ET, reinforcing weak follow-through on the short side.

Moving Averages

On the 15-minute chart, price remains below both the 20-period and 50-period moving averages, signaling bearish bias. On the daily chart, the 50-period moving average is at ~1.675, while the 200-period is at ~1.700, indicating a strong bearish divergence from the current price of 1.619. ETHFIUSDT is trading well below both key multi-day support levels, increasing the probability of continued downward movement.

MACD & RSI

The 15-minute RSI closed at 46, showing moderate bearish momentum, with no immediate signs of oversold conditions. MACD lines remain negative, with bearish divergence observed in the last 6 hours. RSI has not breached the 30 threshold, but the downward trajectory is consistent with ongoing selling. This suggests a continuation of bearish bias unless price shows a strong reversal in the next 24 hours.

Bollinger Bands

Volatility has expanded significantly, with the Bollinger Bands widening to ~0.05 range. ETHFIUSDT has remained below the 20-period moving average and is currently sitting near the lower band at 1.602–1.617, suggesting a potential oversold condition. A contraction in volatility may precede a breakout, but for now, the price is trending lower, consistent with bearish expectations.

Volume & Turnover

Total volume spiked to 539,858.7 at 15:15 ET, coinciding with a sharp price rally to 1.63, followed by a sharp sell-off. However, subsequent volume has declined, with average volume falling to ~100,000–150,000 per 15-minute candle. This suggests a lack of conviction in the current move lower. Notional turnover has also declined from ~$1.4M per hour to ~$900K per hour, reinforcing the notion of weakening bearish sentiment.

Fibonacci Retracements

Fibonacci levels from the recent 1.72 to 1.602 swing show a 38.2% retracement at 1.657 and a 61.8% at 1.634. ETHFIUSDT has already broken below the 61.8% level and is now targeting the next support at 1.617–1.624. A break below 1.617 could lead to a test of the 50% retracement level at 1.66, which now acts as a ceiling. Traders may look to this level as a potential entry for short positions.

Backtest Hypothesis

A potential backtesting strategy could involve shorting ETHFIUSDT when a bearish engulfing pattern forms on the 15-minute chart, confirmed by a close below the 50-period moving average and a bearish RSI divergence. A stop-loss would be placed above the previous swing high, and a take-profit would be set at the next Fibonacci support level. This approach would aim to capitalize on strong bearish momentum and volume confirmation during bearish reversals.