Market Overview for Ether.fi/Tether (ETHFIUSDT)

Summary
• ETHFIUSDT tested key support at 0.746 before rebounding, with a bullish engulfing pattern forming on the 5-minute chart.
• Momentum slowed in the final hours with RSI hovering near neutral and volume declining, signaling potential consolidation.
• A 61.8% Fibonacci retracement level at 0.752 aligned with a prior resistance, suggesting a pivot point for near-term direction.

At 12:00 ET on 2025-12-20, ether.fi/Tether (ETHFIUSDT) opened at 0.744, reached a high of 0.764, and closed at 0.756 after a 24-hour trading period. The low for the session was 0.724, reflecting notable volatility. Total volume amounted to 18,854,612.5, while turnover reached approximately $14,058,099.

Structure & Formations

Price action on the 5-minute chart showed a key support zone forming around 0.746, where buyers intervened multiple times.

A bullish engulfing pattern emerged following a breakdown attempt, suggesting short-term buying pressure. The 0.752 level acted as both a Fibonacci 61.8% retracement and prior resistance, reinforcing its significance as a potential pivot for continued upward movement.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages converged near 0.748–0.750, aligning with recent consolidation. For daily charts, the 50-period MA is above the 100 and 200-period averages, indicating a long-term bullish bias, though price has yet to decisively break out of the recent range.

MACD & RSI

The MACD line crossed into positive territory during the late evening hours, with a narrow histogram signaling a cautious bullish trend. RSI peaked at 64 during the early morning rally but pulled back toward 50 by the end of the 24-hour period, suggesting a pause in momentum rather than overbought conditions.

Bollinger Bands

Volatility expanded in the early hours of the session as price traded near the upper band, followed by a contraction as buyers stepped in near 0.746. Price remained within the bands for much of the period, with a late-day push near 0.764 that approached the upper boundary again, indicating potential for a test of the 0.770 level in the next 24 hours.

Volume & Turnover

Turnover spiked during the early morning rally and again in the afternoon, aligning with price highs near 0.763 and 0.760. However, volume during the rally to 0.764 was not as strong as previous waves, suggesting possible resistance ahead. Notional turnover also declined in the final four hours, indicating a pullback in aggressive positioning.

Over the next 24 hours, the market may test the 0.770 psychological level if buyers continue to assert control near 0.752. Traders should remain cautious of a pullback near 0.746–0.748, where selling pressure could resurface.