We revisit the classic task of finding the shortest tour of $n$ points in $d$-dimensional Euclidean space, for any fixed constant $d \geq 2$. We determine the optimal dependence on $\varepsilon$ in the running time of an algorithm that computes a $(1+\varepsilon)$-approximate tour, under a plausible assumption. Specifically, we give an algorithm that runs in $2^{O(1/\varepsilon^{d-1})} n\log n$ time. This improves the previously smallest dependence on $\varepsilon$ in the running time $(1/\varepsilon)^{O(1/\varepsilon^{d-1})}n \log n$ of the algorithm by Rao and Smith (STOC 1998). We also show that a $2^{o(1/\varepsilon^{d-1})}\mathrm{poly}(n)$ algorithm would violate the Gap-Exponential Time Hypothesis (Gap-ETH). Our new algorithm builds u...