Market Overview for Siacoin/Ethereum (SCETH) – 2025-10-03

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• SCETH traded in a tight range for most of the 24-hour period, with minimal price movement between 6.1e-07 and 6.0e-07.
• A minor dip to 6.0e-07 at 19:00 ET was followed by a quick recovery, indicating strong internal support.
• Volatility contracted significantly, with most 15-minute candles forming doji or spinning top patterns.
• Notional turnover spiked at 18:00 ET and again at 21:45 ET, with price action confirming volume surges.
• RSI remains neutral around 50, suggesting indecision in market sentiment.

Siacoin/Ethereum (SCETH) opened at 6.1e-07 on 2025-10-02 at 12:00 ET, reached a high of 6.1e-07, fell to a low of 6.0e-07 at 19:00 ET, and closed at 6.0e-07 on 2025-10-03 at 12:00 ET. The total trading volume over the 24-hour period was 12,334,425.0 units, with a notional turnover that reflected minimal price movement.

Structure & Formations

The price of SCETH has shown signs of consolidation, with the majority of 15-minute candles forming doji or spinning top patterns, especially between 19:00 ET and 04:00 ET. These signals suggest indecision among traders and limited conviction in either direction. A key support level appears to have formed around 6.0e-07, where the price briefly dipped at 19:00 ET but quickly reversed upward. No clear resistance was established above 6.1e-07, though the price remained capped at this level for most of the session.

Moving Averages

On the 15-minute chart, SCETH has traded below both the 20-period and 50-period moving averages, indicating a short-term bearish bias. However, the price has not broken below the 50-period moving average for long, suggesting that selling pressure may be waning. On the daily chart, SCETH is positioned below the 200-period moving average, with the 50 and 100-period moving averages converging, hinting at potential consolidation or a breakout in the near term.

MACD & RSI

The MACD line has been flat near the signal line, reflecting balanced bullish and bearish momentum over the past 24 hours. The histogram has remained small, indicating that the price has not shown significant directional bias. The RSI is currently at 49, suggesting a neutral sentiment and no signs of overbought or oversold conditions. This suggests that SCETH is in a phase of consolidation and lacks strong directional momentum.

Bollinger Bands

The price of SCETH has remained tightly within the Bollinger Bands for most of the 24-hour period, with volatility at its lowest point since the start of the month. A few candles briefly brushed the lower band at 6.0e-07, but the price quickly rebounded, indicating strong internal support. The Bollinger Band width has contracted significantly, suggesting that a breakout or reversal could be imminent.

Volume & Turnover

Trading volume surged at 18:00 ET and again at 21:45 ET, with the latter coinciding with a brief dip to 6.0e-07. These volume spikes were accompanied by price confirmations, suggesting that the increased activity was driven by genuine market interest rather than wash trading. However, volume has remained low for much of the session, indicating limited liquidity and participation.

Fibonacci Retracements

On the 15-minute chart, the price has retraced between 38.2% and 50% of the most recent upward swing, indicating a potential continuation of the consolidation phase. On the daily chart, the 61.8% retracement level at 6.07e-07 appears to act as a key support zone, where the price has shown signs of bouncing back multiple times. A break below this level could signal further downside potential.

Backtest Hypothesis

A backtesting strategy could be built around the consolidation pattern observed in SCETH’s 15-minute chart. A potential entry signal might be triggered by a break of the Bollinger Band width contraction, with a target set at the next Fibonacci retracement level (61.8% or 78.6%). A stop-loss could be placed just below the most recent support at 6.0e-07. Given the low RSI and flat MACD, the strategy would focus on volatility breakout patterns rather than directional momentum, aiming to capture a move out of the tight range.