đ $ETH /USDT Market Update đ
Ethereum is gaining traction, currently priced at 2,454.16 USDT, reflecting a 1.69% increase over the last 24 hours. With the 24-hour high at 2,471.45, the bulls are gradually building momentum to potentially break higher. If $ETH crosses above this key level, it could spark a rally toward 2,480 USDT and beyond.
The moving averages are favoring the bulls, with MA(7) at 2,447.41, MA(25) at 2,441.67, and MA(99) holding at 2,420.92. These indicators point toward bullish sentiment, with short-term and medium-term trends aligning for further gains.
Ethereum's support lies around 2,411. If a correction occurs, this level might act as a cushion for any dips. However, as long as $ETH stays above the moving averages, the outlook remains optimistic.
Volume activity is solid, adding more confidence to the upward trend. Traders are eyeing the 2,471 resistance, ready for a potential breakout to unlock the next phase of growth.
