Market Overview: Eurite/Tether (EURIUSDT) – 24-Hour Technical Summary

Summary
• Price remains in a tight range between 1.1710–1.1730 with no clear breakout direction.
• Volume spiked mid-day but failed to confirm a trend, suggesting indecision.
• RSI is near neutral, with no overbought or oversold signals, showing balanced momentum.
• Bollinger Bands have narrowed slightly, hinting at potential for a price break.

Eurite/Tether (EURIUSDT) opened at 1.1744 on 2025-12-18 at 12:00 ET, touched a high of 1.1745 and a low of 1.1709, and closed at 1.1715 on 2025-12-19 at 12:00 ET. The pair traded with a total volume of 539,740.3 and a notional turnover of approximately 612,058.

Structure & Formations

EURIUSDT has been trading within a tight range for most of the 24-hour period, showing no strong directional bias.

A bearish 5-minute engulfing pattern appeared at 07:30 ET as price broke below key support at 1.1718. A cluster of consolidation between 1.1723 and 1.1728 appears to be the key short-term resistance zone. A doji formed around 00:00 ET, signaling possible indecision.

Moving Averages

On the 5-minute chart, the price has been hovering slightly above the 20-period SMA, while the 50-period SMA has acted as a dynamic support level. The daily chart shows the price below all major moving averages—200-period, 100-period, and 50-period—indicating a bearish bias in the longer term.

MACD & RSI

MACD remains in neutral territory, with no clear divergence from the price action. RSI is fluctuating between 45 and 55, suggesting a balanced market with no extreme momentum. No overbought or oversold conditions have emerged within the 24-hour window.

Bollinger Bands

Volatility has been relatively flat, with the Bollinger Bands narrowing slightly in the early hours. The price briefly tested the lower band at 1.1709 at 07:30 ET, but failed to close below it, suggesting potential for a short-term rebound.

Volume & Turnover

Volume spiked around 07:30 ET with a large bearish move to 1.1709, but price failed to hold that level. This divergence between volume and price suggests potential for a reversal. Turnover increased with this large candle, indicating participation but also possible exhaustion.

Fibonacci Retracements

Applying Fibonacci to the recent 5-minute swing from 1.1745 to 1.1709, the 38.2% level sits at 1.1732 and 61.8% at 1.1718—both of which have seen price activity. The daily move from 1.1745 to 1.1709 aligns with similar retracement levels, with 1.1718 appearing as a key psychological threshold.

Price may test 1.1718–1.1723 in the next 24 hours for direction. A break above 1.1730 could signal a shift in sentiment, but a retest of support below 1.1718 carries risk. Investors should monitor for divergence between volume and price, and whether momentum holds or reverses.