Eurite/Tether Market Overview (EURIUSDT) – 2025-09-18

• Price declined 0.3% over 24 hours, closing near intraday lows at 1.1821
• Volatility expanded in early session, followed by consolidation near support at 1.1800
• RSI and MACD signaled weakening momentum, with no signs of overbought conditions
• Volume surged during the selloff, confirming bearish continuation
• Bollinger Bands expanded during key sell-off, later contracting into consolidation

Eurite/Tether (EURIUSDT) opened at 1.1842 on 2025-09-17 at 12:00 ET and closed at 1.1821 on 2025-09-18 at 12:00 ET, reaching a high of 1.1902 and a low of 1.1751. Total volume for the 24-hour period was 945,054.0 units, with a notional turnover of 1,124,472.89 USD. The pair showed a bearish bias amid increased volatility and high-volume selloffs.

Structure & Formations

EURIUSDT displayed a key bearish breakdown below the 1.1850 psychological level, with several long-bodied bearish candles forming after 18:00 ET on 2025-09-17. A notable bearish engulfing pattern emerged between 19:00 and 19:15 ET as price moved from 1.1842 to 1.1830. The 1.1800 level appeared as a critical support zone, with multiple retests and a possible rejection forming around 1.1804–1.1808. No clear bullish reversal patterns emerged during the session.

Moving Averages

On the 15-minute chart, the 20-period moving average (20SMA) crossed below the 50-period line in a death cross formation around 20:30 ET, confirming the bearish bias. For daily timeframes, the 50-day moving average remains above the 100- and 200-day averages, suggesting EURI remains in a medium-term uptrend but faces near-term correction risk.

MACD & RSI

The MACD line turned negative at 19:00 ET and stayed below the signal line for most of the session, confirming bearish momentum. RSI dropped to 35 by 04:00 ET on 2025-09-18, indicating oversold conditions but without a strong rebound. This suggests sellers remain in control, with no immediate reversal expected.

Bollinger Bands

Bollinger Bands expanded sharply during the sell-off from 1.1902 to 1.1751, with price trading near the lower band by 04:00 ET. After this expansion, the bands started to contract, indicating reduced volatility and a potential period of consolidation. Price hovered near the 1.1820–1.1825 range in the final hours, suggesting a key consolidation phase before the next move.

Volume & Turnover

Volume spiked during the sell-off from 1.1902 to 1.1821, with the largest single 15-minute volume at 198,699.2 units during the candle starting at 18:15 ET. Notional turnover followed a similar pattern, with the highest turnover at 234,762.77 USD during the same period. Despite the selloff, no significant divergence emerged between volume and price, confirming the strength of the bearish move.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 15-minute swing from 1.1838 to 1.1902, the 38.2% retracement level sits at 1.1867, while the 61.8% level is at 1.1847. These levels saw some resistance, but price failed to hold above them. On the daily chart, the 38.2% retracement of the larger move from 1.1751 to 1.1902 is at 1.1834, a level that appears to have acted as support in the final hours.

Backtest Hypothesis

The backtesting strategy focuses on identifying bearish engulfing and hanging man patterns forming near 20SMA and 50SMA crossovers. These signals are reinforced by RSI entering oversold territory and MACD confirming bearish momentum. A short entry could be triggered when all three indicators align—price breaking below the engulfing pattern’s low, RSI below 30, and MACD in negative territory. Stop-loss placement could be set just above the pattern’s high, while profit targets would align with the next key support at 1.1751 or the 38.2% Fibonacci level of the larger move. Given EURI’s recent behavior, this strategy could capture short-term bearish momentum, provided the consolidation phase doesn’t lead to a reversal.