Market Overview for Eurite/Tether (EURIUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Wednesday, Jan 7, 2026 4:01 am ET1min read
EURI
--
Aime RobotAime Summary

- EURIUSDT tested 1.1704 resistance multiple times but failed to break, forming bearish reversal patterns like hanging man and engulfing.

- RSI remained neutral (50-60) with bearish divergence as price rose without RSI confirmation, while volume spiked during failed breakouts.

- Bollinger Bands showed volatility expansion above upper band, but price collapsed back to middle band, reinforcing dynamic resistance at 1.1704.

- 61.8% Fibonacci level at 1.1689 provided temporary support aligning with 50-period MA, but 50/200 MA crossover on daily chart suggests bearish bias.

Summary
• Price action shows a bullish impulse with key resistance tested at 1.1704 but failed to hold.
• RSI suggests moderate momentum with no extreme overbought or oversold signals.
• Volume spikes during the bullish breakouts confirm buying interest.

Eurite/Tether (EURIUSDT) opened at 1.1688 on 2026-01-06 at 12:00 ET, reached a high of 1.1704, a low of 1.1676, and closed at 1.1685 on 2026-01-07 at 12:00 ET. The total volume was 582,038.4 and turnover was 676,453.98.

Structure & Formations


Price tested resistance at 1.1704 multiple times but failed to break above it, forming bearish reversal patterns like the hanging man and bearish engulfing around that level. A strong bearish candle on the 5-minute chart confirmed the rejection. Support appears to hold at 1.1686-1.1688, marked by repeated consolidation and failed attempts to push lower.

Moving Averages


On the 5-minute chart, the 20-period MA (5-min) crossed above the 50-period MA during the bullish move into 1.1704, indicating short-term optimism. However, the 50-period MA pulled price back toward the 1.1690-1.1693 range. On the daily chart, the 50-period MA currently sits below the 200-period MA, suggesting a potential bearish bias in the longer term.

MACD & RSI


The MACD showed a bullish signal during the morning session but weakened as bearish pressure increased. RSI hovered in neutral territory (50-60) most of the session, suggesting balanced buying and selling pressure. A bearish divergence emerged as price made higher highs while RSI did not, signaling possible exhaustion on the bullish side.

Bollinger Bands


Volatility expanded during the bullish push toward 1.1704, with price briefly breaking above the upper band. However, the move was short-lived, and price collapsed back into the channel, closing near the middle band. This suggests traders are watching the upper band as a dynamic resistance.

Volume & Turnover


Volumes spiked during the bullish push toward 1.1704, particularly during the 04:30–05:00 ET window, but then dropped significantly during the bearish pullback. Turnover was highest during the early morning hours, aligning with the largest price swings. The divergence between volume and price during the late morning bearish pullback raises some caution about sustainability.

Fibonacci Retracements


Fibonacci retracements from the 1.1676 to 1.1704 swing show 38.2% at 1.1692 and 61.8% at 1.1689. Price found support near the 61.8% level, which may act as a temporary floor. The 50% retracement at 1.1690 coincided with the 50-period MA, suggesting a key level to monitor.

EURIUSDT appears to be in a consolidation phase between key support and resistance levels, with a potential for a break either way. Traders should watch the 1.1704 resistance for signs of follow-through or rejection in the next 24 hours. As always, sudden news or macro factors could disrupt technical signals, so risk management remains crucial.