Market Overview for Ethereum/Eurite (ETHEURI) – 2025-09-14

• ETHEURI traded lower at 3892.75, down from 3964.88, with a 24-hour range of 3977.16 to 3892.75.
• MACD and RSI signal weakening momentum, with RSI near oversold territory.
• Volatility expanded in the final hours, with a 14.6% decline in the last 4.5 hours.
• Price failed to hold above 3940.43, confirming bearish pressure below 3956.71.

Ethereum/Eurite (ETHEURI) opened at 3964.88 on 2025-09-13 at 12:00 ET and closed at 3892.75 on 2025-09-14 at 12:00 ET. The 24-hour range was 3977.16 (high) to 3892.75 (low), with a total volume of 88.35 and turnover of 346,626.8 EUR.

Structure & Formations

The price action over the last 24 hours formed a bearish trendline that broke below the 3940.43 level, with several bearish engulfing patterns confirming distribution. A key support level at 3911.79–3920.17 was tested multiple times, with a recent breakdown to 3895.99. A bearish doji formed at 3936.37 and confirmed a rejection of higher prices.

Moving Averages

On the 15-minute chart, the 20 and 50-period moving averages are trending downward and crossed below key swing lows, reinforcing the bearish bias. On the daily chart, the 50 and 100-period moving averages are converging, with price below both, suggesting further bearish potential in the short term.

MACD & RSI

The MACD has been in negative territory for most of the day, with the histogram contracting during the morning hours before a sharp bearish acceleration in the afternoon. RSI dropped below 30, reaching 29.1 at 16:00 ET, indicating short-term oversold conditions. However, price continues lower, suggesting a lack of immediate buying interest.

Bollinger Bands

Volatility expanded significantly during the last 4.5 hours, with the Bollinger Bands widening from a narrow contraction at 06:00 ET. Price has closed below the 2σ lower band, suggesting a possible continuation of the bearish trend. The 20-period midline is currently at 3926.0, and the lower band is near 3895.0, reinforcing the near-term support.

Volume & Turnover

Volume picked up in the late afternoon and evening hours, particularly from 14:00 to 17:00 ET, coinciding with the price breakdown below 3920.17. Notional turnover spiked from 12,000 EUR to over 18,000 EUR during the same period, confirming the strength of the bearish move. However, turnover dropped sharply after 18:00 ET, suggesting exhaustion.

Fibonacci Retracements

On the 15-minute chart, the key Fibonacci levels at 61.8% (3935.14) and 78.6% (3924.21) were broken in the afternoon, confirming the bearish bias. On the daily chart, the 61.8% retracement level from the 3977.16 high to the 3895.99 low is at 3926.70, which is currently being tested.

Backtest Hypothesis

A potential backtesting strategy could involve a short trade triggered on the breakdown of the 3940.43 level, with a stop-loss placed at 3960.90 and a target of 3900.00. This setup would be supported by bearish momentum in the RSI and MACD, as well as a key support level being tested in the final hours. A long trade could be considered if price recovers above 3956.71, with a stop at 3948.56 and a target at 3968.96.