Market Overview for Eurite/Tether (EURIUSDT)

• Eurite/Tether (EURIUSDT) closed lower at 1.1583, down from 1.1609 amid bearish bias and thin volume during early ET hours.
• Price action showed a consolidation pattern between 1.1580–1.1615, with key resistance at 1.1605–1.1615 and support at 1.1580–1.1585.
• Divergences in volume and price suggest weakening momentum, with a bearish RSI below 50 and MACD in negative territory.
• Volatility remained low throughout, with Bollinger Bands narrowly constricting price, indicating a potential breakout ahead.
• Notable Doji and spinning top patterns appeared late ET, suggesting indecision ahead of potential directional moves.

Eurite/Tether (EURIUSDT) opened at 1.1609 on October 22, 2025, at 12:00 ET, and traded within a tight range of 1.1580–1.1619 before closing at 1.1583 at 12:00 ET the next day. The 24-hour volume amounted to 481,070.4 units, with a total turnover of $559,100. Price action showed signs of bearish consolidation, with a key support forming near 1.1580 and resistance near 1.1605–1.1615.

The 15-minute chart reveals a bearish drift, with EURIUSDT forming several small-bodied candles and Doji near 1.1590–1.1600 during overnight trading. These formations suggest indecision and a potential reversal if buyers fail to push above 1.1605. The 20-period and 50-period moving averages both crossed below the 200-day average, indicating a medium-term bearish bias. Price action remained within a narrow range, suggesting a lack of conviction in either direction.

MACD turned negative and crossed below the signal line, reinforcing bearish momentum. RSI dipped below 50 and approached oversold levels around 30–35, hinting at potential short-term bounces. Bollinger Bands remained compressed, signaling a period of low volatility that could soon break out. Volume was thin early in the session but picked up slightly overnight, aligning with price declines and suggesting selling pressure. A divergence between price and volume was observed, with higher lows not accompanied by higher volumes, casting doubt on the strength of any near-term rebounds.

Key Fibonacci levels from the recent 15-minute swing high (1.1619) to the low (1.1580) sit at 1.1603 (38.2%) and 1.1591 (61.8%). These levels could act as short-term support/resistance. The 20-period moving average at 1.1594 and 50-period at 1.1591 are closely aligned, suggesting a potential consolidation phase. A break below 1.1580 would open the next support level near 1.1570–1.1565, while a move above 1.1605 could trigger renewed buying interest.

Backtest Hypothesis

The candlestick pattern identified—Doji Star—can be used to form a backtesting strategy for the EURIUSDT pair. Based on the 15-minute data, these patterns emerged during key consolidation periods and could be used to trigger sell signals at the open of the next bar. If we assume a strategy that enters a short position at the next bar's open after a Doji and exits after 24 hours, the backtest could be optimized to evaluate its effectiveness. Given the current bearish bias and thin volume, Dojis appearing near 1.1590–1.1600 suggest potential shorting opportunities. However, due to the low volatility and thin volume, stop-loss and take-profit levels should be carefully defined to avoid being washed out by noise.