EUL has plummeted by 407.66% over the past 24 hours during a significant downward trend

On October 16, 2025, EUL plummeted by 407.66% in just 24 hours, reaching a value of $7.819. Over the course of 7 days, 1 month, and 1 year, EUL saw a staggering decline of 1722.82% in each period.

This asset has undergone a dramatic loss in value, with its price sinking by more than 400% in a single day. Such a substantial decrease continues a pronounced downward pattern that has extended across various timeframes. The identical percentage drops over the week, month, and year highlight a persistent and severe bearish movement, with no indication of a turnaround.

Technical analysis points to an intensifying negative outlook. The price has not managed to break through previous resistance points, reflecting weak buying interest. The lack of any bullish reversal signals in the recent price trends suggests that the asset remains under heavy selling pressure, and immediate chart patterns reveal few short-term support levels.

The latest steep decline has prompted a reassessment of EUL’s standing in the market, as both traders and investors adjust their strategies in light of the ongoing price slump. The continued absence of stabilizing elements in the price action further emphasizes the importance of caution for those involved in the market.

Backtesting Hypothesis

To gain a clearer picture of EUL’s historical price swings, a backtesting method was suggested to pinpoint and review every instance where the price dropped by 10% or more in a single day. This method is designed to evaluate how often such sharp declines have occurred and to explore possible causes within a set historical timeframe.

Prior to running the backtest, it is essential to verify the precise asset symbol and clarify the event criteria. The strategy specifically targets daily decreases of 10% or more compared to the previous day’s closing price. Once the asset symbol and period are confirmed, the backtest can be carried out from January 1, 2022, up to the current date.

The findings from this backtest will offer important perspectives on the asset’s volatility and may reveal whether the latest price actions are consistent with past trends. Such insights could prove useful for investors assessing their risk and trying to understand how the asset behaves during times of extreme price changes.