Market Overview for Eurite/Tether (EURI/USDT) on 2025-09-24

• EURI/USDT formed a bullish consolidation pattern after an early morning selloff.
• Price retested key support near 1.1743 but rebounded with strong volume in the afternoon.
• RSI remains in neutral territory, suggesting potential for a continuation or pullback.
• Volatility expanded in the morning, but has since contracted into a tighter range.
• Turnover spiked during the 08:30–09:45 ET window, coinciding with a sharp drop to 1.1764.

The EURI/USDT pair opened at 1.1775 on 2025-09-23 at 12:00 ET and closed at 1.1743 on 2025-09-24 at the same time. The 24-hour high was 1.1807, and the low was 1.1723. Total volume reached approximately 591,951.5 units, with a notional turnover of about $709,270. Price action displayed a bearish bias after a morning rally, followed by a consolidation phase in the afternoon.

Structure & Formations

Price action on EURI/USDT reflected a bearish trend after a morning push toward 1.1807, followed by a reversal in the early afternoon. A notable support level emerged around 1.1743–1.1751, where the price found several buying interests. A bearish engulfing pattern formed at the 08:30 candle, signaling a shift in sentiment. No clear doji or bullish reversal formations were observed, suggesting bearish dominance for now.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed into a bearish crossover by midday, reinforcing the downward bias. For the daily chart, the 50-day and 200-day averages were not directly provided, but the 100-day MA would likely be positioned above the current price, supporting a bearish trend. A bearish alignment across timeframes suggests further downward momentum may follow.

MACD & RSI

The MACD line turned negative by 09:00 ET and remained in bearish territory for the remainder of the day, confirming the bearish momentum. RSI oscillated between 35 and 60, indicating a lack of overbought conditions and no signs of a short-term reversal. A reading near 35 at the close suggests moderate oversold conditions, which may trigger a short-term bounce.

Bollinger Bands

Volatility expanded in the morning, pushing price toward the upper band at 1.1807. After the bearish reversal, volatility contracted, and the price drifted toward the lower band by the late afternoon. The final 15-minute candle closed near the 1.1743 level, just above the lower band, suggesting the market is in a phase of consolidation or a potential reversal setup.

Volume & Turnover

Volume surged between 08:30 and 09:45 ET, with the largest 15-minute volume spike occurring at 08:30 (73,398.3 units), coinciding with a sharp decline from 1.179 to 1.1788. Turnover followed suit, with a peak of $85,165 at that time. Volume declined significantly in the afternoon, supporting a bearish narrative. No major divergences between price and volume were observed.

Fibonacci Retracements

Using the 1.1723–1.1807 range, the 38.2% retracement level is at 1.1768, where the price tested during the afternoon but failed to hold. The 61.8% level at 1.1743 was a key support, and the price bounced from there into a consolidation phase. The 50% level at 1.1765 may now act as a potential resistance in the coming session.

Backtest Hypothesis

Given the bearish structure and the support test at 1.1743, a potential backtesting strategy might involve a short entry upon a confirmed break below this level with a stop above the 1.1755 resistance. A target could be placed at the 1.1726–1.1723 level, based on the 61.8% and 100% Fibonacci levels from the morning high. This strategy could be combined with a MACD crossover trigger to filter out false breakouts, enhancing signal reliability. Given the current price structure and low RSI, this setup appears to align well with the recent price behavior and may be suitable for a short-term, risk-managed approach.