Summary
•
formed a bearish engulfing pattern after a 5-minute high of 0.750.
• RSI fell below 30, suggesting oversold conditions with potential for a short-term bounce.
• Volume surged during the final 90 minutes, but turnover failed to confirm strong conviction.
• Price tested the 0.741 support twice, with a 61.8% Fibonacci level aligning closely.
• Volatility expanded late in the day as Bollinger Bands widened, hinting at possible breakouts.
Ether.fi/Tether (ETHFIUSDT) opened at 0.745 on 2026-01-15 12:00 ET, reached a high of 0.750, and closed at 0.746 on 2026-01-16 12:00 ET, with a low of 0.724. Total volume was 3,037,928.1, while turnover reached 2,179,776.65.
Structure & Moving Averages
Price action displayed a bearish reversal near 0.750, forming a bearish engulfing pattern. The 20-period 5-minute moving average crossed below the 50-period line, signaling a potential downtrend. Daily 200-period MA held above 0.746, suggesting medium-term bearish pressure.
Momentum and Volatility
Relative Strength Index (RSI) dipped below 30, indicating oversold territory, but failed to hold above it, pointing to possible bearish continuation. Bollinger Bands expanded significantly in the final 3 hours, reflecting rising volatility. Price hovered near the lower band during the 16:00–17:00 ET window.
Volume and Turnover Insights
Volume spiked in the last 90 minutes, but turnover did not rise proportionally, suggesting mixed conviction. The most active 5-minute period was at 15:45 ET, where volume reached 339,462.3 with a close of 0.728, indicating potential exhaustion of short-term bearish momentum.
Fibonacci and Key Levels
A key Fibonacci 61.8% retracement level aligned with 0.741, which held as support twice. A break below this could target 0.724–0.719, with resistance near 0.746–0.749 likely to see renewed testing in the near term.
In the next 24 hours, ETHFIUSDT could test the 0.741 support level for confirmation or rebound into a 0.746–0.750 consolidation phase. Traders should remain cautious of volume divergence and potential false breakouts amid elevated volatility.
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