Market Overview for Ethereum Name Service/Tether (ENSUSDT) as of 2025-09-18

• ENSUSDT surged to a 24-hour high of $24.47 before consolidating near $24.20.
• A strong rally post-overnight suggests renewed buying interest amid declining volatility.
• High-volume bullish moves above 24.0 confirmed by RSI and MACD divergence.
• Price remains above key 50-period MA, suggesting a potential continuation of the uptrend.
• No major bearish reversal patterns observed, though short-term pullbacks remain possible.

ENSUSDT opened at $23.25 on 2025-09-17 at 12:00 ET and closed at $24.21 on 2025-09-18 at 12:00 ET, reaching an intraday high of $24.47 and a low of $23.05. The pair surged 4.9% over 24 hours, with a total trading volume of 62,122.26 and a notional turnover of $1,498,002. The price action suggests a shift in sentiment from bearish to bullish, with the 15-minute chart forming several bullish engulfing patterns and a strong bullish divergence in the RSI.

Price found key support at $23.50–$23.60 and resistance at $24.20–$24.30 on the 15-minute chart. The 50-period MA (15-min) sat at $23.90, below the current price, while the 20-period MA was at $24.10. The price has been trending above both, indicating a short-to-medium-term bullish bias. On the daily chart, the 50- and 200-period MAs intersected near $24.0, providing a potential pivot for further upside.

The RSI (14, 15-min) hit 65–70 during the morning rally, signaling overbought conditions, but the MACD (12,26,9) remained bullish, with a positive histogram and a clear divergence above the zero line. Bollinger Bands expanded in the early hours, with the price trading near the upper band at several points, indicating rising volatility. A contraction phase followed in the late afternoon, suggesting a potential consolidation phase ahead.

Volume surged to over 21,000 at $24.20–$24.30, confirming the breakout above prior resistance. Notional turnover also increased, especially in the 3:30–5:30 AM ET period. No significant divergences between price and volume were observed. Fibonacci retracement levels from the recent $23.05–$24.47 swing suggest a 61.8% level at $24.23, which aligns with current price action and could act as a near-term target or consolidation zone.