Summary
• EURIUSDT tested and held key support at 1.1675 before rebounding to 1.1696.
• Volume spiked during the 20:15–21:00 ET rally, confirming the upward thrust.
• RSI reached overbought levels near 70, suggesting a near-term correction could be in play.
• Bollinger Bands expanded as volatility rose, indicating a potential channel breakout.
Eurite/Tether (EURIUSDT) opened at 1.1639 on 2025-12-10 12:00 ET and closed at 1.1675 on 2025-12-11 12:00 ET. The 24-hour range was 1.1636 to 1.1696. Total volume reached approximately 1,189,721.1, with a turnover of around 1,341,829.33 USD.
Structure & Formations
The price formed a bullish engulfing pattern during the 20:30–21:00 ET window, signaling a potential trend reversal. A key support level was identified at 1.1675, which held during the late-night sell-off.
A bearish divergence appeared in the early morning, but price action showed resilience, forming a double-bottom pattern between 1.168 and 1.1685.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages converged around 1.164–1.165, supporting a potential bullish bias. The daily chart showed the price above both the 50 and 200-day moving averages, suggesting medium-term strength.
Momentum & Indicators
The RSI surged to 70 at the peak of the 20:30–21:00 ET rally, indicating overbought conditions. The MACD crossed into positive territory during the same period, confirming upward momentum. However, a bearish crossover later in the morning hinted at short-term consolidation.
Volatility and Volume
Bollinger Bands expanded in the late evening, reflecting heightened volatility. Volume spiked during the 20:15–21:00 ET rally, confirming the strength of the move. However, a divergence appeared between price and turnover during the early morning session, suggesting caution.
Fibonacci Retracements
On the 5-minute chart, the price found support at the 61.8% Fibonacci level of the previous upward swing (1.1675), followed by a rally to the 1.1696 level, which aligns with the 78.6% extension. Daily-level Fibonacci levels remain intact, with the 0.618 retracement of the longer-term trend still holding above 1.1675.
EURIUSDT may test the 1.1690–1.1695 range as a potential consolidation zone in the coming 24 hours, but traders should remain cautious about a pullback toward key support levels. As always, liquidity conditions and broader market sentiment could influence short-term volatility.
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