Market Overview for Eurite/Tether (EURIUSDT)

Summary
• EURIUSDT found support near 1.1740-1.1743, with a bullish engulfing pattern forming after early selling pressure.
• Momentum shifted from bearish to neutral, as RSI rebounded from oversold levels, suggesting potential reversal.
• Volatility expanded through the session, with price breaching upper Bollinger Bands in late UTC+0 trading.
• Volume spiked during a key 1.1743-1.1748 rebound, showing accumulation rather than distribution.
• A 61.8% Fibonacci retracement of the 5-min downwave aligns with current consolidation near 1.1745.

Eurite/Tether (EURIUSDT) opened at 1.1749 on 2025-12-17 12:00 ET, reaching a high of 1.1761 and a low of 1.1736 before closing at 1.1745 on 2025-12-18 12:00 ET. Total volume amounted to 911,387.1, with turnover reaching approximately $1,039,365 based on the EURIUSDT price range.

Structure and Candlestick Patterns

The 5-minute chart revealed a bearish start with a doji at 1.1747, followed by a key bullish engulfing pattern forming between 23:45 and 00:00 UTC. This pattern confirmed a short-covering rally and a potential reversal from oversold RSI conditions. The price has since consolidated within 1.1743–1.1751, with 1.1743 acting as a strong support level.

Volatility and Momentum Indicators

Volatility expanded during the night UTC session, pushing the price above the upper Bollinger Band. RSI rebounded from oversold territory, indicating short-term momentum reversal. MACD crossed above the signal line during the rally, reinforcing bullish momentum. However, caution is warranted if volume wanes beyond 1.1750, as it may signal a false break.

Volume and Turnover Analysis

The largest volume spike occurred at 23:45 UTC, coinciding with the 1.1743–1.1748 rebound. This suggests accumulation by larger participants, rather than panic-driven selling. Turnover and volume remained aligned, with no signs of divergence. The late-night accumulation phase contrasts with the earlier bearish 5-minute candles.

Fibonacci and Key Levels

The 61.8% Fibonacci retracement of the 5-minute downwave from 1.1761 to 1.1736 aligns with the 1.1748 level. The current consolidation near 1.1745 suggests a possible continuation of the bullish reversal if buyers defend this level. On the daily chart, the 50-period and 200-period SMAs are closely aligned near 1.1747, offering a potential confluence area.

EURIUSDT appears to have found a short-term floor near 1.1740–1.1743, with a potential test of 1.1750 ahead if buyers continue to step in. A break above 1.1750 could signal a broader reversal, but a failure to hold 1.1743 may trigger a retest of 1.1736. Investors should watch for volume confirmation during any rally attempt.