Market Overview for Eurite/Tether (EURIUSDT) on 2025-12-29

Summary
• EURIUSDT formed a bullish engulfing pattern near 1.1786, indicating potential short-term strength.
• Price remained above the 20-period SMA on 5-minute chart, suggesting positive near-term momentum.
• Volatility expanded as price reached 1.1805, with volume confirming the move.
• MACD showed a narrowing histogram, hinting at waning momentum in the upper range.
• RSI hovered near overbought territory, suggesting caution ahead for further bullish moves.

Eurite/Tether (EURIUSDT) opened at 1.1786 on 2025-12-29 at 12:00 ET-1 and traded between 1.1784 and 1.1805 before closing at 1.1804 at 12:00 ET. Total volume for the 24-hour window was 95,621.9, with a notional turnover of 111,981.07.

Structure & Formations

EURIUSDT formed a bullish engulfing pattern near the 1.1786 support level after consolidating in a tight range. The price subsequently tested resistance at 1.18 and 1.1805, with the latter appearing as a potential short-term ceiling. A doji formed near 1.1801 in the early hours of the morning, signaling indecision and a possible pullback.

Moving Averages and MACD

On the 5-minute chart, the 20-period SMA was below the 50-period SMA, with price staying above both for much of the session, indicating short-term strength. The MACD line crossed above the signal line early in the morning and showed a narrowing histogram, suggesting that the bullish momentum may be slowing.

RSI and Bollinger Bands

Relative Strength Index (RSI) oscillated between 55 and 70, hovering near overbought territory after the late-night rally. Price remained within Bollinger Bands throughout the session, with volatility increasing as the upper band expanded. The upper band reached a high of 1.1805, which could serve as a near-term pivot.

Volume and Turnover

Volume increased steadily from the 2:15 AM candle onward, with the largest volume spike occurring at 3:30 AM (23,107.3), coinciding with a move from 1.1798 to 1.1803. Notional turnover also spiked during this period, confirming the upward move. Divergence between volume and price was not observed during the session.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 5-minute swing from 1.1784 to 1.1805, the 61.8% level sits at approximately 1.1798. The price tested this level twice but remained above it, suggesting that the bullish bias may continue unless it fails to hold here.

The market appears to be consolidating above key support levels with confirmed volume, but signs of waning momentum in the RSI and MACD suggest that caution is warranted. Investors should closely monitor the 1.1805 resistance and 1.1798 Fib level for potential directional clues. As always, volatility and divergence risks remain, and traders should prepare for a range-bound or sideways move if key levels fail to hold.