Market Overview for Eurite/Tether (EURIUSDT): 24-Hour Analysis

Summary
• EURIUSDT rallied 0.32% over 24 hours, forming a bullish flag pattern on key resistance.
• Rising volume confirmed strength above 1.1756, but RSI suggests moderate overbought conditions.
• Volatility expanded during the late ET session as Bollinger Bands widened.

Eurite/Tether (EURIUSDT) opened at 1.1754 (12:00 ET–1) and closed at 1.1772 (12:00 ET), reaching a high of 1.1781 and a low of 1.1747. Total volume across the 24-hour period was 141,463.9, with a notional turnover of $166,694,000.

Structure & Formations

Price formed a bullish flag pattern during consolidation between 1.1756 and 1.1763, followed by a breakout to the upside. A bullish engulfing pattern emerged at 1.1763–1.1766, suggesting buying pressure. The 1.1756 level appears to be a strong support, with price bouncing back after a few tests.

Moving Averages

On the 5-minute chart, the 20-period MA crossed above the 50-period MA around 1.176, indicating short-term bullish momentum. The daily chart shows the 50-period MA above 1.1761, aligning with the 200-period MA for a longer-term bullish bias.

Momentum & Volatility

MACD turned positive in the final hours, confirming upward momentum. RSI rose to 63 by 06:00 ET and hovered near overbought territory (68–71) in the morning hours, suggesting a potential pullback. Bollinger Bands expanded late in the session, reflecting increased volatility as the price approached 1.178.

Volume & Turnover

Volume spiked during the 00:00–03:00 ET hours, especially around the 1.1771–1.1776 price range, confirming bullish conviction. Turnover increased in line with volume, showing no divergence between price and trading activity.

Fibonacci Retracements

Fibonacci levels from the 1.1747–1.1781 swing suggest key levels at 1.1765 (38.2%) and 1.1759 (61.8%). Price held above 1.1756 into the close, suggesting a potential test of the 1.1776–1.178 Fibonacci extension in the next 24 hours.

Market Outlook

Price action suggests a continuation of the bullish bias, with potential to test 1.178–1.1785. However, traders should remain cautious as overbought RSI and diverging short-term momentum could prompt a pullback toward 1.176–1.1756. Volatility may remain elevated as key Fibonacci levels come into focus.