Market Overview for Ethereum Classic/Tether (ETCUSDT) – 2025-10-11 12:00 ET

• Ethereum Classic/Tether (ETCUSDT) rallied from ~14.3 to ~15.3 over the last 24 hours.
• Price formed a bullish rebound off the 14.3–14.5 support range, with volume surging near key levels.
• MACD and RSI suggest moderate momentum, but divergence may hint at potential overbought conditions.
• Bollinger Bands widened as volatility increased, signaling possible consolidation or breakout.
• Notable 15-minute bullish engulfing patterns emerged around 14.8–15.0 during recovery sessions.

Ethereum Classic/Tether (ETCUSDT) opened at 18.98 on 2025-10-10 12:00 ET and closed at 15.18 on 2025-10-11 12:00 ET, hitting a high of 19.2 and a low of 7.0. Total trading volume was 10.7 million, with a notional turnover of $164.2 million. The pair experienced sharp intraday volatility, including a dramatic drop to ~10.8 before a significant rebound.

Structure & Formations

The 24-hour chart revealed a key support cluster between 14.3 and 14.5, where the price consolidated and bounced with strong volume confirmation. On the 15-minute chart, bullish engulfing patterns formed at key retracement levels (14.8–15.0), suggesting accumulation. A deep bearish rejection was seen at 18.33–17.0, with a long lower wick indicating short-term support. A doji formed around 15.05–15.07, suggesting indecision and possible reversal or consolidation.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages trended upward in the final 6 hours of the 24-hour window, confirming the recent bullish bias. On the daily chart, the 50-period MA crossed above the 100-period MA, indicating a potential longer-term upward bias. The 200-period MA remained below current price levels, suggesting Ethereum Classic has room to extend its recovery.

MACD & RSI

The MACD crossed above zero around 14.5–14.7, indicating positive momentum. The histogram showed increasing divergence in the final 6 hours, reinforcing the strength of the recent rally. RSI moved from oversold territory (below 30) to overbought (above 65), reaching 70 at the peak of the rebound, suggesting potential for a pullback or consolidation. However, the RSI divergence was not strong enough to signal a bearish reversal.

Bollinger Bands

The Bollinger Bands expanded significantly during the price drop to ~10.8, indicating a high-volatility environment. As the price rebounded, it traded above the upper band during the 14.8–15.3 phase, suggesting overbought conditions and increased volatility. The narrowing bands in the 14.3–14.5 zone indicated a period of consolidation, which preceded the breakout.

Volume & Turnover

Volume surged during the rebound phase (14.3–15.3), especially between 14.8 and 15.1, confirming bullish momentum. The largest single 15-minute volume spike occurred at ~15.03, with a turnover of ~$7.3 million. In contrast, volume dipped significantly during the price drop to ~10.8, suggesting a lack of conviction among bears. This divergence could indicate a potential reversal setup if the price holds above 14.3.

Fibonacci Retracements

Applying Fibonacci levels to the 24-hour swing from ~10.8 to ~15.3, the 61.8% retracement level sits at ~13.85, and the 50% level at ~13.05. The price found initial support near the 61.8% level before breaking higher. On the 15-minute chart, key retracement levels at 14.6 and 14.8 coincided with strong volume bars, suggesting these levels could be key for near-term action.

Backtest Hypothesis

A backtesting strategy based on 15-minute bullish engulfing patterns and Fibonacci retracements could have captured significant upside during the 14.8–15.0 phase. Entering long on bullish engulfings with volume confirmation above the 61.8% retracement level may have offered favorable risk-reward ratios. The recent bounce from 14.3–14.5 also aligns with a trend-following strategy that uses moving averages and volume divergences to filter signals.