Market Overview: ETHFIUSDT – Ether.fi/Tether USDt – 2025-09-11

• ETHFIUSDT surged 23.2% over 24 hours, with strong momentum from 1.301 to 1.527 before consolidation.
• Volatility expanded significantly, with Bollinger Bands widening as price pushed to the upper band multiple times.
• RSI reached 75+ during rally peaks, indicating overbought conditions, while MACD showed positive divergence.
• Volume spiked sharply during the midday upsurge, aligning with price action for strong confirmation.
• Key Fibonacci levels at 1.457 (61.8%) and 1.431 (38.2%) show strong internal pullbacks and retracements.

At 12:00 ET-1 on 2025-09-10, ETHFIUSDT opened at 1.301 and reached a high of 1.527 before closing at 1.492 on 12:00 ET, September 11. The 24-hour OHLC was (1.301, 1.527, 1.261, 1.492). Total volume was 18.33 million, with notional turnover of 27.21 million USD.

Structure & Formations

The 15-minute chart showed a bullish breakout from a descending triangle formation around 1.301–1.355, followed by a strong rally to 1.527. A 1.439–1.501 consolidation pattern then emerged, with the last candle forming a small bearish engulfing pattern, signaling possible resistance at 1.505. Key support levels include 1.461 and 1.432, with a doji forming near 1.433 suggesting indecision.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were both bullish, sloping upward with price above both. On the daily timeframe, the 50, 100, and 200-period moving averages all crossed upward at the start of the rally, indicating strong short- and mid-term bullish momentum. The 50- and 200-day crossover has turned positive, reinforcing the bullish bias.

MACD & RSI

MACD remained in positive territory for most of the session, with a strong histogram peak at 1.496 as volume surged. RSI oscillated between overbought (76) and mid-range levels, with a brief overbought signal at 1.508, but a pullback to 58–65 suggests a potential retest of key support levels. Momentum appears to be slowing slightly as divergence emerges in the last few candles.

Bollinger Bands

Volatility expanded sharply during the midday rally, with price pushing to the upper Bollinger Band (1.508) and forming a peak. A contraction followed in the late afternoon, with the bands narrowing as price stabilized around 1.475–1.495. The current close at 1.492 lies near the upper band, suggesting a possible pullback into the channel or a continuation of the bullish trend.

Volume & Turnover

Volume spiked during the 02:15–06:00 ET window, coinciding with a 1.403–1.513 rally. Turnover also increased sharply in the same period, with the highest turnover at 05:45 ET during the 1.432–1.51 candle. The recent bearish pullback has seen lower volume, raising concerns about the strength of the current correction.

Fibonacci Retracements

Key Fibonacci retracement levels from the 1.261–1.527 swing show 1.431 (38.2%), 1.457 (50%), and 1.478 (61.8%) as critical internal supports and potential reversal zones. A 61.8% retracement at 1.478 was tested and held, while the 1.457 level appears to be a potential floor for the next 24 hours.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions when price breaks above the 61.8% Fibonacci level with a 15-minute bullish breakout confirmation and a RSI below 60. The stop-loss could be placed just below the most recent swing low, with a take-profit at the 76.4% extension. This approach aligns with the observed structure and momentum on the chart, where price has shown a tendency to retest and respect these levels before continuing the upward move.