Market Overview for Ethereum/Argentine Peso (ETHARS) – September 26, 2025

• ETHARS traded in a 24-hour range of 5,373,608 to 5,649,291, ending near the lower end at 5,558,842.
• Price showed bearish pressure from 5,578,320, collapsing to 5,481,145 by 17:30 ET, but rebounded sharply in the overnight session.
• Volume was subdued in early hours, with a sharp increase around 19:00 and 22:15 ET driving key reversals and volatility.
• RSI signaled oversold conditions mid-day before a strong rally, while MACD remained bearish until a bullish crossover late in the day.
• Bollinger Bands expanded during the 19:00–22:30 ET period, showing heightened volatility and a retest of the upper band in the final hours.

The Ethereum/Argentine Peso (ETHARS) pair opened at 5,550,766 on September 25, 2025, and traded as high as 5,649,291 and as low as 5,373,608 before closing at 5,558,842 at 12:00 ET on September 26, 2025. Total 24-hour volume was 7.87 ETH, while turnover amounted to approximately 4,440,528,170 Argentine Pesos. Price action revealed multiple directional shifts, with bearish pressure and subsequent bullish reversals observed during the overnight and morning hours.

Structure & Formations

ETHARS displayed key support and resistance clusters during the 24-hour period. A strong support area was observed around 5,481,145, with a retest at 5,446,850 providing a short-term floor. Resistance levels emerged at 5,551,485 and 5,578,320, where price repeatedly reversed. A bullish engulfing pattern formed around 19:00–22:30 ET, suggesting short-term reversal potential, followed by a doji at 5,578,320 indicating indecision.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages suggested bearish momentum for most of the session, but both turned upward after 22:15 ET. This crossover may signal a shift in short-term bias. On the daily chart, price remains above the 50-day and 100-day moving averages, suggesting long-term buyers continue to hold influence despite short-term volatility.

MACD & RSI

The MACD remained negative until 22:15 ET, when it crossed above the signal line, forming a potential bullish crossover. This aligns with the rebound in price action. RSI hit oversold levels around 5,481,145 before a sharp rebound to neutral territory, indicating short-term buying pressure. A divergence between price and RSI was not observed, suggesting the move higher is likely supported by real buying.

Bollinger Bands

Volatility expanded significantly between 19:00–22:30 ET, with price breaking the upper band at 5,578,320. This break suggests heightened conviction in the bullish move. The band contraction earlier in the day did not result in a breakout, but rather a consolidation phase that preceded the overnight rally.

Volume & Turnover

Turnover was muted during the initial hours but surged at 19:00 and 22:15 ET, coinciding with key price reversals. The volume at 22:15 ET, where ETHARS broke the 5,578,320 level, was particularly notable at 0.06063 ETH, confirming the breakout. A divergence was not observed between price and volume, indicating strong conviction behind the moves.

Fibonacci Retracements

Fibonacci levels on the 15-minute chart showed that the rebound from 5,481,145 aligned with the 61.8% retracement level, suggesting a potential continuation of the upward trend. A 38.2% retracement at 5,551,485 acted as a key resistance level. On the daily chart, the 50% retracement of the previous bearish leg is now at 5,578,320, aligning with recent resistance.

Backtest Hypothesis

A potential backtesting strategy could be built around the 22:15 ET breakout and the bullish engulfing pattern observed in that period. Given the confirmation of the breakout by volume and the RSI move out of oversold territory, a buy signal could be triggered on the close of the 22:15 ET candle. A stop-loss could be placed just below the support at 5,481,145, and a take-profit target could be aligned with the 61.8% Fibonacci level at 5,578,320 or beyond. This setup would capitalize on the confluence of breakout, volume confirmation, and momentum reversal indicators.