Market Overview for Eurite/Tether (EURIUSDT): 24-Hour Technical Analysis

• EURIUSDT rallied 0.64% over 24 hours, closing at 1.1597 with volume surging to 1.16M.
• Price broke above 1.1565 resistance, forming bullish engulfing and hammer patterns post-12:00 ET.
• RSI hit 62, signaling rising momentum, while Bollinger Bands widened, indicating heightened volatility.
• Volume and turnover aligned with bullish price action, especially during the 15:15–16:00 ET breakout.
• Fibonacci 61.8% level at 1.1589 acted as support, now potentially turning into a magnet for further buying.

Eurite/Tether (EURIUSDT) opened at 1.1555 on 2025-10-09 12:00 ET and traded as low as 1.1541 before rallying to a high of 1.1617 by 15:30 ET on the same day. It closed at 1.1597 on 2025-10-10 12:00 ET, with total volume hitting 1.16 million contracts and a notional turnover of approximately $139.8 million over the 24-hour window.

The 24-hour OHLCV data shows a textbook bullish breakout from the 1.1565–1.1570 consolidation range, with a hammer candle at 15:45 ET confirming a reversal. The price then surged past 1.1597, reaching as high as 1.1617 at the peak of the session. On the 15-minute chart, a strong positive divergence emerged in volume and price, with the highest volumes occurring during the 15:15–16:00 ET window as price broke above key resistance.

On the 20 and 50-period moving averages (15-minute chart), the 20 SMA crossed above the 50 SMA early in the morning, signaling a short-term bullish trend. The 50-period EMA also crossed above the 100-period SMA on the daily chart, reinforcing the breakout as technically valid. The MACD turned positive at 15:00 ET and remained bullish through the end of the session, with a clear expansion in the histogram. RSI climbed from 56 to 62, indicating rising momentum but not yet overbought territory.

Bollinger Bands showed a clear expansion during the breakout, with the price closing near the upper band for the final hour of the session. The 1.1597–1.1607 range appears to be forming as a new consolidation level. Notably, the price action aligned with Fibonacci 61.8% retracement levels from a prior swing low at 1.1541, suggesting strong institutional participation in the bullish move.