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Summary
• Price consolidated between 1.1707 and 1.1715, with key support at 1.1707 holding.
• A bearish flag pattern formed after a short-term rally, with bearish momentum increasing.
• Volume dropped significantly post-23:30 ET as price approached support, suggesting accumulation or weakness.
• RSI remains neutral, while Bollinger Bands show tightening volatility ahead of a potential breakout.
Eurite/Tether (EURIUSDT) opened at 1.1712 (12:00 ET−1), reached a high of 1.1715, and closed at 1.1707 (12:00 ET) with a low of 1.1707. Total traded volume was 69,353.4, and turnover was estimated at 76,668.4.
Structure & Formations
Price action revealed a bearish flag formation between 1.1713 and 1.1707 after a short-lived bullish attempt. A small bullish engulfing pattern was observed around 00:15–00:30 ET, but it failed to trigger a meaningful rebound. A doji appeared at 01:45 ET, signaling indecision. The key support level at 1.1707 held multiple times during the night, suggesting strong psychological significance.
Moving Averages and Momentum
Short-term 5-minute moving averages (20/50) remained below price action throughout the session, reflecting bearish bias. Daily moving averages (50/100/200) are not available in the dataset, but price action remained below all relevant 5-minute averages. MACD showed a bearish crossover during the late hours of the session, aligning with weakening momentum.

Volatility and Volume
Bollinger Bands showed a gradual contraction during the session, with price staying near the lower band, suggesting low volatility. A volume spike occurred at 23:15–23:30 ET as price moved toward 1.1708, but volume dropped sharply afterward, indicating lack of follow-through. Turnover also declined in the last 4 hours, suggesting a potential consolidation phase before a breakout.
Implications and Risk
The formation of a bearish flag and repeated testing of the 1.1707 support suggest that buyers may be attempting to defend this level ahead of a potential breakout. A break below 1.1707 could test the next support at 1.1703–1.1702. However, the lack of follow-through volume and the consolidation phase indicate that a false break or a rebound is also possible. Investors should watch for a decisive move beyond 1.1707 or 1.1715 for directional clarity.
EURIUSDT appears to be in a critical consolidation phase, and a breakout—up or down—could trigger a sharp move. As always, position sizing and stop-loss placement are key in managing risk in volatile crypto markets.
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