Market Overview for EURIUSDT: 24-Hour Breakdown

Summary
• EURIUSDT tested key resistance near 1.1720–1.1724, forming multiple bullish engulfing patterns.
• Volume spiked above 15,000 at 00:15 ET and confirmed price strength in the early session.
• RSI remained in overbought territory (70+), suggesting potential short-term pullback risk.
• Bollinger Bands expanded after a mid-session contraction, signaling increased volatility.
• Price held above the 50-period 5-min moving average, maintaining short-term bullish bias.

Eurite/Tether (EURIUSDT) opened at 1.1711 on 2025-12-21 12:00 ET, reaching a high of 1.1724 and a low of 1.1707, before closing at 1.1722 at 12:00 ET on 2025-12-22. The pair recorded a 24-hour volume of 248,514.9 and a notional turnover of approximately 289,868.5 (assuming average trade size of ~1.1722).

Structure & Formations

Price tested a key resistance cluster around 1.1720–1.1724 multiple times, with bullish engulfing and inside bar patterns forming near support at 1.1718 and 1.1713. A doji at 01:45 ET hinted at indecision, but subsequent buying pressure confirmed the breakout.

Moving Averages

The 20-period and 50-period 5-min moving averages remained bullish, with price consistently above the 50-period line. Daily moving averages (50/100/200) were aligned to the upside, reinforcing the broader uptrend.

MACD & RSI

MACD showed positive divergence with a bullish crossover, while RSI remained above 70 for much of the session, indicating overbought conditions. This suggests a potential pullback could occur if buying pressure moderates.

Bollinger Bands

A mid-session contraction between 19:00–20:00 ET gave way to a sharp expansion, with price trading near the upper band by 01:00 ET. This expansion often precedes a mean reversion or continuation, depending on volatility context.

Volume & Turnover

Volume surged above 15,000 at 00:15 ET and 04:30 ET, confirming strength in the key 1.1720–1.1724 range. Turnover spiked in tandem, with no major divergences between volume and price, reinforcing the validity of the breakout.

Fibonacci Retracements

The 61.8% Fibonacci level (1.1718) held as key support, with price rebounding strongly from this level. The 5-min chart showed a shallow pullback at 38.2% before resuming the climb toward 1.1724.

EURIUSDT appears poised for a consolidation phase after the 24-hour breakout, with a likely test of the 1.1724 ceiling. Investors should watch for a potential short-term pullback or a breakout beyond this level. However, traders should be mindful of overbought RSI and the risk of profit-taking in the near term.