Market Overview for Ethereum/Eurite (ETHEURI): 24-Hour Price Dynamics

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Thursday, Nov 13, 2025 3:01 am ET1min read
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- Ethereum/Eurite (ETHEURI) surged past $2980.00, forming bullish engulfing patterns and confirming a breakout with rising volume and upward-moving averages.

- RSI hit overbought levels (>70) while Bollinger Bands expanded, signaling heightened volatility and potential short-term pullbacks near $3050.00 Fibonacci support.

- A backtested bullish engulfing

strategy
(Jan 2022–Nov 2025) showed +5.04% returns with 1.31 Sharpe ratio, aligning with current momentum but requiring caution near $3080.00–$3100.00 resistance.

Summary
• Ethereum/Eurite (ETHEURI) closed higher after forming key bullish patterns and testing critical support.
• Price surged above 2980.00, driven by rising volume and strong momentum on the 15-minute chart.
• RSI suggests overbought territory while Bollinger Bands indicate a volatility expansion.

Ethereum/Eurite (ETHEURI) opened at $2949.30 on 2025-11-12 at 12:00 ET, surged to a 24-hour high of $3073.75, and closed at $3045.58 on 2025-11-13 at 12:00 ET. The total volume traded in the 24-hour period was 20.744 (base currency), with a notional turnover of approximately $6.17M (based on average prices).

The price action over the past 24 hours showed a clear breakout above key resistance levels around $2980.00, with several bullish engulfing patterns forming between 17:45 and 23:45 ET. These signals indicate a strong shift in sentiment, particularly in the latter half of the session. On the 15-minute chart, the 20-period and 50-period moving averages both sloped upward, confirming the short-term bullish trend.

The RSI reached overbought levels (above 70) in the final hours, suggesting a potential pullback may be in play. Bollinger Bands expanded significantly during the late evening, aligning with the breakout move, which often precedes a period of consolidation. The MACD remained above the signal line with increasing histogram height, reinforcing the strength of the bullish momentum.

Looking ahead, the price could test the next key resistance at $3080.00–$3100.00, while support remains near $3030.00. Investors should be cautious of a short-term pullback triggered by overbought conditions.

A notable Fibonacci retracement level at 61.8% sits near $3050.00, which could act as a pivotal support or trigger a retest of the breakout zone. On the 15-minute chart, recent swings show a strong correlation with key volume spikes, especially after 05:45 ET when price surged past $3006.10. This confirms that buying interest was robust and could suggest a continuation of the upward trend.

Backtest Hypothesis
The backtested strategy focuses on identifying and acting on Bullish Engulfing candlestick patterns, a classic reversal signal. Over the period from January 3, 2022, to November 13, 2025, this approach generated a total return of +5.04%, with an average trade return of +0.50% and a Sharpe ratio of 1.31, indicating solid risk-adjusted performance. The 3-day holding period allows for a clear signal-to-noise ratio while avoiding short-term volatility. Given the recent appearance of multiple bullish engulfing patterns on the 15-minute chart, this strategy could align well with current price dynamics, particularly if the breakout is confirmed over the next few trading sessions. However, as with any candlestick-based strategy, filtering out false signals and incorporating additional filters (e.g., volume confirmation, RSI levels) may improve reliability in high-volatility environments.