) is currently trading at $2,418.35, showing a slight gain of 1.56% over the past 24 hours. The price has fluctuated within a range, hitting a high of $2,441.64 and a low of $2,390.26. This consolidation phase indicates that traders are closely watching market conditions for directional cues. đ
The trading volume for the last 24 hours is 195,918.89 ETH, suggesting robust trading activity. High volume can often confirm price movements, so it's essential to keep an eye on any significant increases that may signal a breakout or a shift in trend. đ
On the 15-minute chart, ETH appears to be testing the $2,418 level, which may act as a support point. Maintaining this level could attract buyers, potentially pushing the price higher towards resistance at $2,441. However, if the price dips below this support, it might indicate a bearish sentiment, leading traders to reevaluate their positions. đ
Overall, the market sentiment for Ethereum remains cautiously optimistic. If it can break through the resistance at $2,441, we may see further upward momentum. Traders should remain vigilant and monitor key levels as the market evolves. đ
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