Market Overview for Eurite/Tether (EURIUSDT) — November 1, 2025

• Eurite/Tether traded in a narrow range, with price consolidating around 1.1543–1.1524.
• Momentum remained muted, as evidenced by a flat RSI and low-volume range-bound action.
• Volatility contracted during midday but widened slightly in the final hours of the 24-hour window.
• No major candlestick reversal patterns emerged, though bearish pressure lingered in the final 6 hours.
• Turnover remained low, with a total volume of 261,140 contracts traded over 24 hours.

Eurite/Tether (EURIUSDT) opened at 1.1530 on October 31, 12:00 ET, and closed at 1.1543 on November 1, 12:00 ET. The 24-hour range was 1.1524 to 1.1548, with total volume of approximately 261,140 contracts traded. The pair showed no sharp directional bias, with bulls and bears in near-permanent balance. Overbought and oversold conditions were absent, with RSI hovering near the midpoint for most of the period.

Structure & Formations

The 15-minute chart displayed a tight range between 1.1524 and 1.1548, suggesting a period of consolidation rather than trend formation. Key support levels emerged at 1.1530 and 1.1524, while resistance clustered around 1.1544 and 1.1548. A small bearish engulfing pattern appeared at 16:00–16:15 ET on October 31, signaling short-term bearish sentiment, though it failed to push below 1.1524. A bullish harami appeared during the overnight session on November 1, from 02:15 to 02:45 ET, indicating a pause in bearish momentum. No significant doji appeared to confirm indecision, but several candles showed reduced range, suggesting a possible pre-breakout phase.

Moving Averages and Bollinger Bands

The 20-period and 50-period moving averages on the 15-minute chart were closely aligned, indicating a flat and neutral price environment. Bollinger Bands reflected a contraction in volatility between 18:00 and 20:00 ET, with price staying within the inner band for over 2 hours, a sign of consolidation. Price later expanded outside the upper band between 22:00 and 00:30 ET, suggesting a temporary breakout. However, the expansion did not last, and the price reverted to the central band by 03:00 ET, indicating the breakout lacked follow-through.

MACD & RSI

The MACD histogram remained flat throughout the 24-hour period, with the MACD line oscillating around the zero line, suggesting a lack of clear momentum. The signal line crossed the MACD line once during the overnight session, forming a minor bullish divergence. RSI remained neutral for the majority of the period, fluctuating between 45 and 55, with no signs of overbought or oversold conditions. A brief spike above 60 occurred between 21:15 and 21:45 ET, but it failed to trigger a sustained bullish move.

Volume and Turnover

Volume was relatively low but showed a few spikes in the last few hours of the 24-hour window, especially between 22:00 and 00:30 ET. These spikes were accompanied by a modest increase in price, indicating some buyer participation. However, the rise in price did not coincide with a sustained increase in volume, raising questions about the strength of the bullish move. Turnover was consistent across the period, with no major divergences between price and volume that would suggest a breakdown in sentiment. The total notional turnover was approximately $307,360, a relatively modest figure for a stablecoin cross.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 24-hour range (1.1524 to 1.1548), the key levels came into focus at 1.1536 (38.2%) and 1.1542 (61.8%). The price tested the 61.8% level twice—once in the evening and again in the early morning—but failed to hold above it. The 38.2% level acted as a minor support during the overnight session. These retracement levels suggest a potential range-bound pattern with a slight bias toward the upper end, though a breakout beyond 1.1548 would require stronger confirmation.

Backtest Hypothesis

Given the flat momentum and absence of clear overbought or oversold conditions, a backtesting strategy focusing on MACD and RSI signals could be applied to EURIUSDT. The MACD golden cross and RSI > 70 would serve as entry triggers for potential bullish positions, while RSI < 30 or a MACD bearish cross would signal exits. However, the lack of distinct trend formation in the 24-hour chart suggests that such a strategy might face challenges in a range-bound environment. Running this backtest from January 1, 2022, to November 1, 2025, would help determine the effectiveness of these indicators in capturing directional bias when one emerges.