Market Overview: Eurite/Tether (EURIUSDT) – October 26, 2025

• EURIUSDT traded in a tight range early before breaking above 1.1630 with rising volume.
• A bullish breakout above 1.1635 was confirmed with strong momentum, suggesting a possible short-term rally.
• Volatility surged in the afternoon with a high of 1.1642, but volume remained mixed, signaling caution.
• RSI reached overbought territory, indicating potential for a near-term correction or consolidation.
• Bollinger Bands expanded during the afternoon, showing heightened market uncertainty and increased participation.

Eurite/Tether (EURIUSDT) opened at 1.1624 on October 25 at 16:00 ET and closed at 1.1639 on October 26 at 12:00 ET, reaching a high of 1.1642 and a low of 1.1620. The total 24-hour trading volume was 503,185.7 units, with a notional turnover of approximately $586,577. The pair showed a late-day surge amid rising bullish momentum and volume.

Structure & Formations

EURIUSDT formed a bullish breakout above the 1.1630 psychological level, supported by a sequence of higher highs and higher lows. A potential support level formed at 1.1624–1.1626, with a resistance cluster between 1.1635 and 1.1642. A notable bullish engulfing pattern emerged around 09:30–10:00 ET, followed by a morning star pattern at 06:30–07:45 ET, both suggesting bullish continuation. A doji at 03:45 ET highlighted a temporary indecision point.

Moving Averages and Momentum

On the 15-minute chart, the 20-period and 50-period moving averages both crossed above 1.1627, with the 20SMA acting as a dynamic support. The 50SMA remained in a bullish alignment with the price trend. MACD showed a bullish crossover in the morning, with a growing histogram indicating strengthening momentum. RSI climbed above 70 in the afternoon, signaling overbought conditions and potential for a near-term correction or consolidation.

Volatility and Bollinger Bands

Bollinger Bands expanded after 09:30 ET, with the upper band reaching 1.1642 and the lower band hitting 1.1620. The price traded near the upper band for several hours, suggesting high volatility and bullish sentiment. A contraction was visible between 03:00–06:00 ET, indicating a pre-breakout buildup. The price remained above the 20-period moving average for most of the day, showing strong buyers at key levels.

Fibonacci Retracements

Applying Fibonacci retracement to the recent swing low at 1.1620 and the high at 1.1642, key levels were observed at 1.1635 (61.8%), 1.1631 (50%), and 1.1626 (38.2%). The price briefly tested 1.1635 before surging to 1.1642, suggesting that 1.1635 acted as a strong intermediate resistance. If a pullback occurs, 1.1631 and 1.1626 could provide short-term support for potential bounces.

Backtest Hypothesis

A backtesting strategy could focus on breakout signals generated when the price closes above the upper Bollinger Band and MACD confirms a bullish crossover. Given the observed bullish engulfing and morning star patterns, this combination could serve as an entry trigger. A stop-loss could be placed below the recent support at 1.1626. Initial targets could include 1.1645 and 1.1650. This approach aligns well with the observed overbought RSI and bullish momentum, though caution is warranted due to the high volatility and potential for consolidation.