🚨Ethereum ( $ETH ) Slumps Below $3,600 Amid Market Downtrend🚀🚨

Ethereum ( $ETH ) has faced a sharp decline, dropping 7.76% in the last 24 hours and trading at $3,562.20 on the $ETH / USDT pair on Binance. The chart reflects heightened selling pressure, pushing ETH below critical support levels.

Key metrics from the analysis:

24H High: $3,907.19

24H Low: $3,542.22

Volume (ETH): 914,524.74

Volume (USDT): $3.37B

The 15-minute chart shows ETH slipping below the MA7 ($3,605.65) and MA25 ($3,653.91), signaling bearish dominance. The MA99 ($3,689.43) reinforces the downtrend, with price action consistently below this level.

Key Levels to Watch:

Immediate Support: $3,542.22

Resistance: $3,600 (short-term recovery zone)

This decline comes amid broader market corrections, with ETH losing its grip on $3,600. Traders should watch for recovery signs near support zones or brace for potential further dips. As always, manage risk accordingly during periods of volatility.