Market Overview for Eurite/Tether (EURIUSDT) – October 6, 2025

• EURIUSDT fell from 1.1807 to 1.1678 over 24 hours, closing near session lows.
• Strong bearish momentum seen with RSI below 30 and declining volume during downswing.
• Key support at 1.1678 tested, with resistance forming around 1.1702–1.1724.
• Volatility expanded during the early morning dip, with price consolidating in Bollinger Bands.
• High turnover confirmed the bearish move post 02:00 ET, indicating active selling.

Eurite/Tether (EURIUSDT) opened at 1.1806 on October 5 at 12:00 ET, reached a high of 1.1807, and closed at 1.1691 as of 12:00 ET on October 6. The pair spent 24 hours in a bearish consolidation, forming a broad descending channel. Total volume traded was 962,186.1, with a notional turnover of approximately $1.14 million based on EURIUSDT prices.

Structure & Formations

The price of EURIUSDT formed multiple bearish structures throughout the 24-hour period. A strong bearish divergence emerged between volume and price after 02:00 ET, as volume surged while prices declined sharply to 1.1678. A key bearish engulfing pattern was visible in the 15-minute candle closed at 1.1678, confirming bearish control. A large bearish candle on October 5, 19:00 ET, marked a psychological low and created a short-term support level at 1.1678–1.1681. A series of lower highs and lower lows reinforced a descending channel, with key resistance at 1.1702–1.1724 and support at 1.1678–1.1686.

Moving Averages and Momentum

On the 15-minute chart, the 20-period moving average dipped below the 50-period line, signaling a bearish crossover. The 50-period MA confirmed a downward trend after 03:00 ET. On the daily chart, the 50/100/200-period moving averages aligned in a bearish bias, reinforcing the downtrend. MACD turned negative after 02:00 ET and remained below the signal line, reflecting weak bullish momentum. RSI dropped below 30 into oversold territory, suggesting potential for a near-term bounce from 1.1681–1.1686.

Bollinger Bands and Volatility

Volatility expanded significantly during the early morning hours, with the price breaking below the lower Bollinger Band at 1.1678. This indicates a high level of risk aversion. From 02:00 to 08:00 ET, price remained within the bands but near the lower boundary, suggesting a temporary equilibrium. By midday, the price had begun to consolidate near the middle band, indicating a potential short-term stabilization. A sharp expansion in volatility during the early morning hours is a typical indicator of a breakout or breakdown scenario.

Volume and Turnover

Volume spiked during the early morning decline, with the most significant volume occurring in the 06:00–08:00 ET window. High turnover in the 03:00–06:00 ET period supported the bearish breakout. A divergence occurred between price and volume after 09:00 ET, as volume decreased while price remained near 1.1691. This suggests a potential exhaustion of the bearish move. Price-volume divergence at this level could signal a possible near-term reversal or consolidation.

Fibonacci Retracements

Applying Fibonacci levels to the key 1.1807–1.1678 swing, the 61.8% level sits at 1.1740, while the 38.2% level is at 1.1767. These levels could act as short-term support/resistance. On a broader scale, the 61.8% retrace level from the recent daily high aligns with 1.1735, reinforcing the importance of this area. If the price breaks below 1.1678 again, the next Fibonacci level of interest would be 1.1661, which could offer a new floor.

Backtest Hypothesis

The backtesting strategy described involves entering a short position when RSI dips below 30 and volume spikes by 30% from the previous 15-minute average, with a stop-loss set at the 50-period MA. This aligns well with the observed behavior of EURIUSDT, where a RSI reading below 30 and a volume spike occurred during the early morning hours. The 50-period MA could serve as a dynamic stop-loss or a reversal signal. This hypothesis appears to confirm the bearish move from 1.1807 to 1.1678 and could potentially capture the continuation of the trend if momentum remains intact.