Market Overview for Ethereum/Dai (ETHDAI) – 24-Hour Analysis (2025-11-14)

• ETHDAI declined 3.03% over the last 24 hours, closing at 3178.47 from 3353.36.
• Volatility surged with a 10.34% range (3353.36 to 3152.08), and volume spiked during the overnight drop.
• A bearish engulfing pattern and low RSI readings suggest oversold conditions are developing.

Ethereum/Dai (ETHDAI) opened at 3353.36 on 2025-11-13 and traded as high as 3353.36 before falling to a 24-hour low of 3138.8. It closed at 3178.47 on 2025-11-14 at 12:00 ET. Total volume over the 24-hour period was 103.59, with notional turnover amounting to 68–90 (amount range). The pair has experienced heightened volatility and bearish momentum in the final 6–8 hours.

Structure & Formations

The 15-minute chart shows a bearish engulfing pattern forming in the 20:00–20:15 ET hour as ETHDAI dropped from 3190.47 to 3178.57. A key support level appears to have been breached near 3152.08, with 3138.8 acting as a short-term floor. A doji formed around 05:00 ET at 3165.33, indicating indecision during the selloff. The price appears to be consolidating near 3178.47 but faces immediate resistance at 3188.02 and 3190.53.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart suggest a bearish crossover occurred around 04:45 ET, confirming the downward trend. The 50-period line is below the 100-period line, indicating a broader bearish bias. On the daily chart, the 200-period MA remains well above current prices, pointing to long-term bearish momentum.

MACD & RSI

MACD on the 15-minute chart shows bearish divergence, with the histogram expanding during the downward move. RSI is approaching oversold territory, currently near 3178.47, suggesting a potential bounce or consolidation. However, the RSI data interface is malfunctioning and returning an error, limiting further analysis of potential oversold signals.

Bollinger Bands

ETHDAI has spent most of the 24-hour period outside the lower Bollinger Band, indicating high volatility and bearish pressure. The bands have expanded significantly, with the most extreme contraction occurring just before the overnight selloff. The current close sits near the lower band, reinforcing the oversold profile.

Volume & Turnover

Trading volume spiked during the overnight sell-off, particularly around 04:45 ET, when 4.2792 ETH was traded. A divergence between falling price and rising volume indicates bearish confirmation. Turnover also rose sharply during this period, with the largest single trade occurring at 04:45 ET when 4.2792 ETH was exchanged at 3154.69. There is no significant divergence between price and turnover at the close.

Fibonacci Retracements

Fibonacci levels for the recent 15-minute swing (3353.36 to 3138.8) suggest that 3178.47 is near the 61.8% level, indicating a potential support zone. The 38.2% retracement is at 3217.0, a potential resistance. On the daily chart, the 61.8% retracement of the larger move lies near 3236.07, which could act as a key resistance if a reversal occurs.

Backtest Hypothesis

To explore ETHDAI's potential for a reversal, a backtesting strategy would likely rely on identifying oversold RSI conditions. However, due to the current data interface error related to the RSI indicator, the precise timing of these signals is unclear. In the absence of accurate RSI data, one might attempt to use volume spikes and candlestick formations — such as the bearish engulfing pattern and dojis — as proxies for entry points. If RSI becomes accessible, a 14-period RSI below 30 could be used as a buy signal in the context of a larger retracement pattern. A confirmation of this signal could then be sought through a close above the 50-period moving average.

The near-term outlook for ETHDAI is cautiously bearish, with a potential for a short-term bounce near 3178.47–3188.02. Investors should watch for a break below 3152.08, which could trigger further selling. While RSI suggests oversold conditions, confirmation is needed before positioning for a reversal. As always, volatility remains high, and sudden moves are possible, so risk management is essential in the coming 24 hours.