Market Overview for Ether.fi/Tether (ETHFIUSDT)

Summary
• Price action formed a descending triangle pattern with key resistance near 0.875–0.880 and support at 0.850–0.845.
• Momentum weakened on RSI as it hovered below 50, with MACD indicating bearish divergence.
• Volatility expanded in the 18:45–20:30 ET window, with a 5-minute volume spike of 435,094.4.
• Bollinger Bands showed price near the lower band in late hours, suggesting oversold conditions.
• On-chain volume and turnover were aligned in the final 6 hours, suggesting accumulation at lower levels.

At 12:00 ET on December 11, 2025, ether.fi/Tether (ETHFIUSDT) opened at 0.867, hit a high of 0.898, and fell to a low of 0.802 before closing at 0.793. Total 24-hour volume was 11,056,233.3, with turnover of approximately 9,054,694.3 USDT. The pair experienced a volatile session marked by intraday bearish breakdowns and minor bounces from key support levels.

Structure & Formations

The 5-minute chart showed a descending triangle pattern forming between 0.880 resistance and 0.845 support, with a potential breakout on the downside.

A notable bearish engulfing pattern emerged at 21:00 ET as price closed at 0.851 after opening at 0.863. The final 6 hours saw a consolidation phase with a bullish hammer forming at 0.793 on the 12:00–12:15 ET 5-minute candle, hinting at potential support holding.

Moving Averages

Short-term 20-period and 50-period moving averages on the 5-minute chart were below price for most of the session, reinforcing bearish bias. On the daily chart, price closed below 50, 100, and 200-period MAs, suggesting continued pressure to test lower levels, potentially near Fibonacci 61.8% at 0.830 from the recent high.

Momentum and Volatility

Relative Strength Index (RSI) remained below 50 for the majority of the day and approached oversold territory (below 30) at 03:15 ET. MACD displayed bearish divergence as price attempted a minor rebound but failed to sustain above the signal line. Bollinger Bands saw a significant expansion during the peak volatility period from 18:45 to 20:30 ET and later contracted, suggesting a period of consolidation ahead.

Volume and Turnover

The highest volume spike occurred at 19:15 ET with 870,743.7 traded, coinciding with a high of 0.898. A sharp drop in turnover followed as price moved lower. Between 03:00 and 06:00 ET, volume and turnover increased steadily, aligning with a modest price recovery. This suggests potential buyer interest at lower levels, though confirmation is needed.

Fibonacci Retracements

Fibonacci levels from the key high of 0.898 and low of 0.802 showed price consolidating near the 61.8% retracement level at ~0.845–0.847. A break below this level could target the next major support at 0.830. On the 5-minute chart, the 38.2% retracement at 0.868 held briefly but failed to reverse the trend, indicating limited near-term bullish conviction.

Over the next 24 hours, a break below 0.845 could trigger further bearish momentum toward the 0.830 level, but a retest of the 0.850–0.855 range appears likely. Investors should remain cautious of potential short-covering rallies but watch for signs of further distribution at these levels.