$ETH Market and Technical Analysis Updateđ
Ethereum is trading at $2,646.99, down 1.31% over the past 24 hours. The coin reached a 24h high of $2,682.20 and a 24h low of $2,591.56. With 286,587.93 ETH traded in the last day and a corresponding volume of $754.74M USDT, market activity remains strong despite the price decline, reflecting a dynamic trading environment.
From a technical perspective, ETH is positioned close to key moving averages, with the 7-day MA at $2,643.58, the 25-day MA at $2,628.87, and the 99-day MA at $2,638.09. This indicates a consolidation phase, with traders eyeing support at $2,591 and resistance at $2,682. Keep a close watch for potential price action shifts in the coming sessions.
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