Market Overview: Ethereum/Eurite (ETHEURI) on 2025-09-11

• Ethereum/Eurite (ETHEURI) closed at 3762.47, down 0.16% from the prior 24-hour high of 3827.06.
• Volatility surged during the early morning session with a 7.3% range, but momentum weakened into the close.
• RSI fell below 50, indicating bearish pressure, though no oversold conditions were observed.
• A key 3754.02 support level held during a sharp 15-minute drop but failed to trigger a reversal.
• Volume spiked during a 12:45 ET break below 3775.0, but price failed to follow through.

Ethereum/Eurite (ETHEURI) opened at 3757.88 on 2025-09-10 at 12:00 ET and closed at 3762.47 on 2025-09-11 at 12:00 ET, reaching a high of 3827.06 and a low of 3677.35. Total volume was 157.95, and notional turnover was 594,193.06 EUR. Price action showed a mixed 24-hour profile, with early bearish momentum and late buyers stepping in.

Structure & Formations

Price tested key support at 3754.02 during a 15-minute selloff that closed at 3754.01, followed by a failed attempt to reclaim higher ground. A bearish engulfing pattern formed at 193000 ET, confirming a shift in sentiment. Later, a bullish reversal was attempted at 053000 ET with a hammer formation at 3765.64, but failed to sustain above 3777.31. A 12:45 ET candle closed at 3769.55, forming a neutral inside bar, signaling indecision.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed below the price between 19:30 and 20:30 ET, reinforcing bearish momentum. By 06:00 ET, the 50-period line began to catch up, aligning with a potential support zone around 3775.0. On the daily chart, the 50-day MA sits at ~3750.00, acting as a psychological floor, while the 200-day MA at ~3720.00 remains a critical support level.

MACD & RSI

The MACD crossed below the signal line at ~19:45 ET, reinforcing bearish momentum. A weak recovery in the morning failed to generate positive divergence, with MACD remaining below zero for the majority of the session. RSI dropped from ~62 to ~48, suggesting weakening bullish pressure. No oversold levels (<30) were reached, indicating that the decline may not be deep enough to trigger a significant rebound.

Bollinger Bands

Volatility expanded between 19:30 and 00:00 ET, with price trading near the lower band for much of the session. A 15-minute candle closed at 3681.85 near the lower band, suggesting potential oversold conditions. By 07:00 ET, price returned toward the middle band, indicating stabilization. No significant contractions were observed, but traders should monitor for further expansion as a sign of renewed volatility.

Volume & Turnover

Volume surged during the 12:45 ET selloff, with a 10.9641 EUR turnover on a 3769.55 close, but price failed to follow through. Conversely, the 06:00 ET candle posted a 2.6686 EUR turnover as price rallied from 3765.64 to 3782.00, showing stronger conviction. The 19:30 ET candle also saw a large 2.8059 EUR turnover but failed to sustain above 3692.56, indicating bearish exhaustion. Divergence between volume and price action suggests mixed sentiment.

Fibonacci Retracements

Applying Fibonacci to the 3762.00–3677.35 swing (19:30–19:45 ET), the 38.2% level is at ~3730.00 and the 61.8% at ~3705.00. Price found a temporary floor near 3705.00 but did not close decisively above it. On the larger 3827.06–3677.35 daily move, the 50% level sits at 3752.20, which was tested but not breached. A break above 3775.00 would confirm a retest of the 61.8% level at ~3795.00.

Backtest Hypothesis

A potential backtesting strategy would involve entering long positions on a bullish reversal candle (e.g., a hammer or morning star) forming above the 3754.02 support level, with a stop-loss placed below it. Given the recent RSI divergence and volume spikes, such a setup may offer favorable risk-reward. Shorting opportunities could arise on confirmed breakouts below 3750.00, particularly if the 20-period MA continues to trend downward and MACD remains bearish.