Summary
•
opened at $0.741 and closed at $0.779, with a 24-hour high of $0.782 and low of $0.719.
• Momentum accelerated after 16:00 ET with a bullish breakout above $0.775, confirmed by strong volume.
• Volatility expanded significantly, with Bollinger Bands widening from 0.73 to 0.782, signaling heightened uncertainty.
• Price surged above 61.8% Fibonacci retracement of the 0.719–0.782 range, suggesting further upward potential.
• RSI surged into overbought territory above 70 by 16:45 ET, indicating potential for consolidation or a pullback.
Price Action and Market Behavior
ether.fi/Tether (ETHFIUSDT) opened at $0.741 on 2026-01-12 at 12:00 ET and closed at $0.779 by 12:00 ET on 2026-01-13. The 24-hour range reached a high of $0.782 and a low of $0.719, driven by a sharp recovery from 0.724–0.733 to above 0.775. Total volume for the period was 2,560,903.8 and notional turnover amounted to $1,890,613.33, with a clear spike in activity after 16:00 ET.
Key Technical Drivers
A bullish engulfing pattern formed at 14:30 ET, confirming a reversal from a consolidation phase. The price then broke above a key psychological level of $0.775, followed by a strong close above 61.8% Fibonacci retracement. MACD turned positive and crossed above the zero line, suggesting continued upward momentum. However, RSI entered overbought territory near 70, which may indicate a short-term pause or pullback.
Volatility and Momentum Indicators
Bollinger Bands expanded significantly, reflecting increased volatility following the breakout. Price action has been largely above the upper band since 16:00 ET, indicating strong buyer conviction. However, the RSI divergence and recent overbought readings may lead to a short-term correction.
Volume and Market Sentiment
Volume spiked during the final 3 hours of the 24-hour period, with a 15-minute candle at 16:45 ET showing a volume of 244,507.9 and a turnover of $189,928.41, confirming the breakout. The increase in volume suggests institutional or large-scale participation, which may support the current trend, though a divergence between rising price and declining volume in the final hours could hint at profit-taking.
Forward-Looking Perspective
Looking ahead, ETHFIUSDT may find initial resistance at $0.782 and psychological support at $0.770, with a potential pullback expected if RSI retests 70. Traders should monitor Bollinger Band contractions and volume patterns for signs of consolidation. Given the current momentum, caution is advised as overbought conditions may trigger a short-term correction within the next 24 hours.
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