Wrapped Beacon ETH/Ethereum Market Overview

• Price remained narrowly consolidated around 1.0800 with minimal directional bias
• Volatility contracted as range-bound candlestick patterns suggested indecision
• Turnover surged briefly in the overnight session but failed to confirm a breakout
• RSI and MACD showed flat readings, indicating equilibrium between buyers and sellers

Wrapped Beacon ETH/Ethereum (WBETHETH) opened at 1.0799 on 2025-10-29 at 12:00 ET, reaching a high of 1.0815 and a low of 1.0797 before closing at 1.0803 on 2025-10-30 at the same hour. Total 24-hour volume amounted to 14,663.48 units, with a notional turnover of $15,860.60 (based on WBETHETH price averaging ~$1.0800).

The pair displayed a tight 24-hour range, with no clear support or resistance levels emerging. A series of doji and spinning top candlesticks suggested continued indecision. The price remained within a contracting Bollinger Band envelope, indicating waning volatility.

Moving averages on the 15-minute chart showed convergence around the 1.0800 level, reinforcing the neutral bias. The RSI and MACD remained flat near their midlines, suggesting balanced market sentiment without overbought or oversold signals. Fibonacci retracements from recent swings placed key levels at 1.0806 (38.2%) and 1.0815 (61.8%), both of which saw temporary testing.

Volume activity spiked during the early morning and late afternoon hours, especially around 08:15–08:45 ET and 15:00–16:00 ET, but price failed to sustain directional movement during those periods, pointing to divergences between volume and price.

Tomorrow’s 24-hour outlook may see a continuation of range-bound consolidation, with potential for a breakout attempt if volume surges confirm a directional shift. However, the lack of clear trend signals suggests a cautious approach for short-term positioning.

Backtest Hypothesis
Unfortunately, the data-retrieval service could not locate any price history for the symbol “WBETHETH,” which caused the request to fail. To proceed with the back-test, we have three practical options:

1. Confirm / correct the instrument symbol
   • If WBETHETH is a typo, please provide the exact ticker (for example, “WBETH/ETH” on a specific exchange, or the contract code your data vendor uses).
   • If the pair is listed on only one venue, naming the exchange (e.g., “Binance WBETH/ETH”) may let us pull the data.

2. Supply your own historical data
   • If you have a CSV or JSON price file for WBETHETH covering 2022-01-01 to present, you can upload it and we’ll ingest it directly for the back-test.

3. Switch to a proxy instrument
   • If WBETHETH is intended to approximate staked-ETH vs. ETH, we could back-test on a more broadly covered proxy such as ETHBTC or simply ETHUSDT, but only if that still meets your analytical goal.

Please let me know which path you’d like to take (or provide the corrected symbol / data file), and I’ll resume the back-testing workflow right away.