Market Overview for Eurite/Tether (EURIUSDT) on 2025-11-13

Summary
• EURIUSDT closed higher at 1.1600, showing a bullish bias amid increasing volume and momentum.
• RSI suggests overbought conditions, and Bollinger Bands indicate expanding volatility.
• A potential resistance cluster exists at 1.162–1.164, while key support is around 1.158.

Eurite/Tether (EURIUSDT) opened at 1.1586 at 12:00 ET - 1 on 2025-11-12 and closed at 1.1600 at 12:00 ET on 2025-11-13. The 24-hour range was 1.1571 to 1.1644, with total volume of 1,574,467.0 and turnover of 1,814,637.5. The price showed a bullish bias with moderate momentum during the session.

Structure & Formations

EURIUSDT found key support at 1.158–1.159 and tested resistance at 1.162–1.164 multiple times. Notable bullish patterns emerged in the early morning (04:00–06:00 ET), including a morning star and a bullish engulfing pattern. A long upper shadow on the 04:45 candle signaled a rejection at higher levels, reinforcing the 1.162–1.164 resistance cluster.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart were both bullish, with the 20-period MA crossing above the 50-period MA, signaling a potential short-term continuation of the uptrend. On a daily basis, the 50-period MA was near 1.159, slightly below current levels, indicating that the 200-period MA remained as a long-term support around 1.157.

MACD & RSI

The MACD crossed into positive territory early in the session and remained bullish, with a strong histogram divergence suggesting increasing momentum. RSI reached overbought territory above 70 during the 13:00–15:00 ET window, hinting at potential consolidation or a pullback in the near term.

Bollinger Bands

Price action exhibited a notable expansion in Bollinger Band width from 05:00 to 10:00 ET, indicating rising volatility. EURIUSDT stayed above the 20-period moving average and closed near the upper band, suggesting strength in the current move. A tightening of the bands after 16:00 ET may precede a new breakout or reversal.

Volume & Turnover

Volume increased significantly during the 07:00–13:00 ET period, particularly around the 1.161–1.163 level, confirming price strength in that range. Turnover mirrored the volume, with a sharp spike during the 15:00–16:00 ET window as EURIUSDT pushed to a high of 1.1644. No clear divergence was observed between price and volume, suggesting the rally is still supported by active buying.

Fibonacci Retracements

Fibonacci levels on the 15-minute chart indicated key psychological levels at 1.158 (38.2%) and 1.162 (61.8%). On the daily chart, the 61.8% level aligned with 1.162, reinforcing the importance of this resistance area. A break above 1.164 could target the 1.166–1.168 zone, while a retest of the 1.158 level may find support.

The price is likely to test the 1.162–1.164 resistance cluster in the next 24 hours, with the potential for a pullback if RSI fails to sustain above 70. A break above 1.164 may lead to a more aggressive rally, while a close below 1.158 could trigger a reevaluation of the near-term bullish stance.

Backtest Hypothesis

If the price action aligns with a bullish breakout strategy using a combination of RSI overbought conditions, volume confirmation, and a bullish MA crossover, a trade could be entered on a retest of the 1.158 support level. A stop-loss might be placed below 1.156, and a target could be set at 1.162–1.164. This hypothesis is supported by the observed volume profile and the RSI divergence during the 05:00–10:00 ET window.