Market Overview: Ethereum/Tether (ETHUSDT) 24-Hour Technical Review

Summary
• ETHUSDT tested $3,100–$3,110 as key support/resistance with bearish divergence in late 24 hours.
• Volume surged during the $3,065–$3,085 breakdown, confirming bearish momentum.
• RSI signaled oversold conditions near $3,065, suggesting potential short-term bounce.
• Bollinger Bands expanded during the downtrend, indicating rising volatility.
• Fibonacci 61.8% level at $3,085 contained price for much of the session, acting as dynamic support.

Price and Volume Snapshot

Ethereum/Tether (ETHUSDT) opened at $3,104.74 on 2025-12-13 at 12:00 ET and closed at $3,097.76 on 2025-12-14 at 12:00 ET, with a high of $3,128.96 and a low of $3,050.01. Total volume over 24 hours was approximately 157,461.16 ETH, with notional turnover reaching $471.4 million.

Structure and Trend Behavior

Price action on the 5-minute chart showed a bearish breakdown below the $3,100–$3,110 range, with a key 5-minute engulfing candle forming near $3,098.51–$3,098.94, reinforcing bearish sentiment. . A notable bearish divergence was observed in the latter half of the 24-hour window, as price made higher lows but RSI failed to confirm.

Moving Averages and Momentum

Short-term 20- and 50-period moving averages on the 5-minute chart showed a bearish crossover, with the 50-period MA below the 20-period MA. On the daily chart, price remained below all major moving averages, including the 50, 100, and 200-day MAs, suggesting a sustained downtrend. MACD showed a bearish crossover late in the session, and RSI bottomed near 28 at $3,065, hinting at a potential short-term bounce.

Volatility and Bollinger Bands

Bollinger Bands expanded during the breakdown phase as volatility increased, with price dipping below the lower band near $3,065. This confirmed the strength of the bearish move. Conversely, earlier in the session, bands were tighter near $3,100–$3,110, suggesting a consolidation phase before the move lower.

Volume and Turnover Dynamics

Volume spiked dramatically during the breakdown to $3,065, with the largest 5-minute turnover occurring at $3,085–$3,075. Notional turnover rose in tandem with volume, confirming bearish momentum. A divergence appeared in the final 2 hours, where volume declined but price continued lower, signaling potential exhaustion.

Fibonacci Retracements

Fibonacci 61.8% retracement level at $3,085 provided dynamic support for much of the session. A rebound from this level occurred multiple times, particularly during a late 2-hour rally.

Price appears to be testing the next key support zone near $3,060–$3,050, with the 50% Fibonacci retracement level at $3,078.50 potentially serving as a pivot point. A break below $3,050 could accelerate further momentum, though a short-term bounce from current levels is possible. Investors should monitor volume dynamics and RSI divergence for early signs of exhaustion or re-entry.