Recent Developments & Protocol Fundamentals
Euler has come a long way in rebuilding its reputation after one of DeFi’s more dramatic security incidents. Back in March 2023, the platform was hit by a sophisticated flash-loan attack that siphoned off roughly $197 million. What followed was a complete ground-up restructuring—the team recovered what they could, went back to the drawing board, and rolled out v2 with a modular architecture designed to compartmentalize risk. They didn’t just patch things up; they brought in over thirty independent auditors and ran an extensive bug bounty program that turned up mostly minor issues. That kind of transparency has helped win back confidence from users who’d understandably gone quiet.
Fast forward to today, and Euler’s ecosystem is starting to pick up real momentum. The launch of EulerSwap—a hybrid that blends AMM trading with lending-driven yields—has opened up new use cases. Partnerships are expanding too, including Brahma for easier fiat on- and off-ramps, and there’s growing interest from traditional finance players looking to tokenize assets and tap into DeFi liquidity. All of this paints a picture of a protocol that’s not just surviving, but actually building something sustainable. And that narrative matters when you’re trying to understand where the token price might head next.
Technical Indicators & Short‐ to Medium-Term Price Forecast
Right now, EUL/USDT is trading around $3.0143, up a modest 2.20% over the last day. Looking at today’s pivot levels, resistance is stacked at $3.1077 (R1), $3.1993 (R2), and $3.3057 (R3), while support sits at $2.9097 (S1), $2.8033 (S2), and $2.7117 (S3). For anyone watching the chart, the $3.10 level is the one to beat—crack that and momentum could carry it higher. Lose $2.90, and we’re probably headed back toward the lower $2.80s or worse.
On the four-hour timeframe, things are cautiously bullish but not screaming buy just yet. The RSI is hovering around 60.54, which is healthy—it shows some strength without being stretched into overbought territory. The MACD is sitting above its signal line with a positive histogram, so momentum does seem to be building. That said, price is only just above both the simple and exponential moving averages (around $2.9234 and $2.9410 respectively), meaning the trend isn’t firmly established yet. We’re in that zone where a push either way could set the tone for the next move.
Key Scenarios: Bullish vs. Bearish Outcomes
Bullish Scenario: If buyers manage to close above that $3.1077 pivot with decent volume backing it, the next natural targets are $3.20 and potentially $3.30 within the next day or two. You’d want to see the RSI climb past 70 and the MACD histogram keep widening—those would be signs that momentum is really kicking in. Positive news around protocol growth or broader market strength would help fuel that kind of move.
Bearish Scenario: On the flip side, if price loses grip on that $2.9097 support level, we’re probably looking at a drop toward $2.80, with $2.71 as the next floor if selling pressure intensifies. A bearish MACD crossover or RSI dipping below 50 would be red flags that the short-term trend is shifting. In that case, it’s better to stay patient and wait for clearer signs of a bottom before jumping in.
Price Prediction & Strategic Setup
Over the next day or two, EUL looks like it’s gearing up to test that $3.10 resistance. If it breaks through cleanly, a run toward $3.20 to $3.30 is definitely on the table, assuming the broader crypto market doesn’t hit a rough patch and there’s no surprise bad news on the protocol side. If things go sideways or sentiment turns sour—maybe from macro headwinds or regulatory noise—expect a pullback into the $2.90 to $2.80 range instead.
For traders looking to take a position, one approach could be going long above $3.10 with a stop-loss just under $2.90 to manage downside risk. If you’re more bearish or want to hedge, waiting for a confirmed break below $2.90 with volume could offer a safer short entry. For those holding longer term, it’s worth keeping an eye on the fundamentals—total value locked, governance participation, new yield products—because those factors will probably drive price more reliably than any single chart pattern. The technicals can guide timing, but the story unfolding on-chain is what really matters.
