Market Overview: Eurite/Tether (EURI/USDT) 24-Hour Analysis

• EURI/USDT edged higher, closing near 1.1566 after a volatile 24-hour session.
• Momentum remains mixed, with RSI hovering near 50 and MACD consolidating.
• Volatility expanded during the session, but volume remained within typical ranges.
• A key support appears to be forming near 1.1552–1.1555, with resistance at 1.1570–1.1573.
• Price may test these levels in the next 24 hours with potential for a breakout or consolidation.

Eurite/Tether (EURI/USDT) opened at 1.1564 on November 9, 2025 at 12:00 ET and closed at 1.1566 the next day. The 24-hour range was 1.1541 to 1.1573, with a total trading volume of 595,245.6 and turnover of $687,593.64 (EURI equivalent). Price action suggests moderate bullish momentum amid a sideways trend.

Structure & Formations

Price has oscillated within a defined range over the last 24 hours, with a key support forming at 1.1552–1.1555 and a critical resistance level at 1.1570–1.1573. A notable bullish engulfing pattern appeared at the 15:00–15:15 ET candle on November 10, suggesting potential for a short-term rebound. A doji formed at 17:00–17:15 ET, indicating indecision and a potential pause in the upward move.

Moving Averages and Volatility

The 20-period and 50-period moving averages on the 15-minute chart suggest a neutral to slightly bullish bias as price remains above both. The 50-period MA on the daily chart appears to be consolidating, offering no strong directional signal. Bollinger Bands show an increase in volatility, with price moving toward the upper band in the final hours of the 24-hour period.

Momentum and RSI

Relative Strength Index (RSI) values have ranged between 45 and 55 over the past 24 hours, indicating a balanced market. MACD lines have flattened out in the zero line region, pointing to a lack of strong momentum. There are no clear overbought or oversold conditions, but the RSI’s horizontal consolidation suggests the market is in a period of consolidation or potential reversal.

Volume and Turnover

Volume has remained relatively steady with no significant spikes. The highest volume candle occurred at 11:15–11:30 ET on November 10, with a volume of 59,016.3. Turnover followed volume closely, with no notable divergences. The moderate volume and turnover suggest the market is in a quiet phase, with traders likely waiting for a breakout.

Fibonacci Retracements

Fibonacci retracements drawn from the recent high of 1.1573 to the low of 1.1541 show the 50% level at 1.1557 and the 61.8% level at 1.1560. Price action appears to have tested both levels, indicating potential for further sideways movement or a pullback. A break above 1.1573 could see a test of the next Fibonacci level at 1.1580.

Backtest Hypothesis

The provided backtesting strategy is based on signal-based entry and exit using the “open” price, with a maximum holding period of three days and no additional stop-loss or take-profit constraints. The test window covers 2022–2025 and aims to evaluate the effectiveness of a time-based exit strategy in a range-bound market such as EURI/USDT. Given the current consolidation phase and balanced RSI levels, this type of backtest could be particularly relevant for traders aiming to capture short-term range-bound opportunities. The lack of strong momentum indicators suggests that signals based on Fibonacci levels or breakouts from key support/resistance areas may offer higher probabilities of success in this environment.