Market Overview: Eurite/Tether (EURIUSDT) on 2025-10-03

• EURIUSDT rose from 1.1680 to 1.1741, closing near the session high at 1.1728 after a late-day rally.
• Key resistance tested at 1.1735–1.1741, with a bullish breakout attempt visible in late hours.
• Momentum strengthened in the final hours, as RSI climbed above 55 and volume surged.
• Volatility expanded in the last 6 hours, with Bollinger Bands widening as price moved closer to the upper band.
• On-balance volume confirmed the rally, with strong buying pressure in the 08:00–12:00 ET window.

The EURIUSDT pair opened at 1.1680 at 12:00 ET−1 and closed at 1.1728 by 12:00 ET, with a high of 1.1741 and a low of 1.1680 during the 24-hour window. Total volume amounted to 703,859.0 units, while the notional turnover reached $816,243.12, reflecting heightened participation as the price rallied in the final hours. The late-day momentum was led by a bullish breakout attempt above the 1.1735–1.1741 resistance cluster, supported by strong volume and confirmed by rising RSI.

Price action over the past 24 hours showed a consolidation phase before a clear upward bias emerged in the early morning hours. A notable bullish engulfing pattern formed at the 1.1701–1.1717 level on October 2, signaling a shift in sentiment. The 20-period EMA crossed above the 50-period EMA just before the morning rally, adding momentum to the uptrend. On the 15-minute chart, price spent much of the session within a 1.1680–1.1725 range before surging higher as Bollinger Bands expanded in response to increased volatility.

RSI rose from 42 to 57, indicating growing bullish momentum without entering overbought territory. The MACD crossed above the signal line and remained in positive territory, reinforcing the strength of the move. On the Bollinger Bands, price touched the upper band in the final 4 hours, a sign of heightened volatility. Fibonacci retracements from the recent 1.1680–1.1741 swing identified 1.1719 (38.2%), 1.1729 (50%), and 1.1737 (61.8%) as key levels, with price consolidating near the 50% retracement before closing. A bearish divergence in the final candle may suggest caution ahead.

The rally in the final 6 hours appears to be driven by institutional buying, as volume spiked above average levels and turnover surged. Price action from 08:00–12:00 ET showed a clear acceleration, with a bullish reversal pattern at 1.1720–1.1735. The 1.1741 high may serve as a short-term ceiling if buyers fail to maintain pressure. However, if this level holds, a continuation toward 1.1760 could follow. Conversely, a close below 1.1710 would likely trigger a retest of the 1.1690–1.1700 support area. Investors should watch for a confirmation of the breakout above 1.1741, supported by rising volume and RSI above 60.

Backtest Hypothesis
A potential strategy could involve entering long positions on a bullish breakout above 1.1741, confirmed by a closing above the level and increasing volume. A stop-loss could be placed just below the 1.1720–1.1725 consolidation range to manage risk. A target for the initial move might be 1.1760, based on Fibonacci projections. This approach would need to be backtested using historical data to assess its robustness, especially in varying volatility conditions.