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

Summary
• EURIUSDT formed a bullish engulfing pattern near 1.1790–1.1796 and retested a key support level at 1.1775–1.1776.
• Price remained above the 20-period moving average on the 5-minute chart, suggesting short-term bullish bias.
• Volatility expanded after 05:00 ET, with volume increasing significantly during the 05:30–06:30 ET window.
• RSI showed signs of overbought conditions near 75–80, suggesting potential for a pullback.

Eurite/Tether (EURIUSDT) opened at 1.1776 (12:00 ET − 1), reached a high of 1.1808, a low of 1.1771, and closed at 1.1798 at 12:00 ET. Total volume for the 24-hour period was 177,216.1 with a turnover of $104,272.

Structure and Key Levels

The 24-hour chart for EURIUSDT showed a clear bullish bias with a key support at 1.1775–1.1776 successfully holding during a dip on 23 December. A strong bullish engulfing pattern developed during the 19:15–20:00 ET window as the price moved from 1.1783 to 1.1798. A minor resistance at 1.1808 was tested twice but held, with price retreating slightly after 06:30 ET. A 61.8% Fibonacci retracement level at 1.1803 appeared to cap further upward movement.

Technical Indicators

On the 5-minute chart, the 20-period moving average acted as dynamic support, while the 50-period MA provided a ceiling at 1.1795–1.1797. The MACD showed positive momentum building after 05:00 ET, aligning with the breakout above 1.1795.

RSI reached overbought levels between 75–80 in the late hours of 24 December, suggesting potential for a near-term consolidation. Bollinger Bands expanded notably during the 05:30–06:45 ET window, indicating a rise in volatility and potential for a trend continuation or reversal.

Volume and Turnover

Volume spiked significantly between 05:30–06:45 ET and 22:00–23:00 ET, confirming the price action during those periods. The highest notional turnover occurred during the 19:15–20:00 ET window with $39,821.9, aligning with the bullish engulfing pattern. No significant volume divergence was observed, suggesting the move above 1.1796 was supported.

EURIUSDT may continue to consolidate between 1.1796 and 1.1808 in the coming 24 hours, with key support at 1.1790–1.1795 and resistance at 1.1808–1.1811. A break below 1.1790 could signal short-term uncertainty, while a sustained close above 1.1803 may indicate stronger bullish momentum. Investors should monitor volume divergence and for confirmation of a potential pullback.