ETH/USDT is holding steady at $2,580.38, showing a modest 0.75% gain. The 24h high touched $2,632.57, while the low dipped to $2,550.44. With 169,595 ETH traded over the last 24 hours, volume in USDT reached 438.95M.

Layer 1 activity is in focus, and the price action shows potential for further movement as momentum builds. Looking at the moving averages, the 7-day MA is at $2,583.46, the 25-day MA sits close at $2,580.93, and the 99-day MA reflects longer-term support at $2,493.62.

The price movement has tested the $2,637.75 level, currently retracing toward support zones like $2,559.42 and $2,528.97.

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