đš$ETH Analysis on Binance (4h Chart)
đž Current Price: $2,365.37 (+1.91%)
đž 24h High: $2,399.99 | 24h Low: $2,310.00
đž 24h Volume: 229,707 ETH (542.15M USDT)
Trend Overview:
1. Price Action: Ethereum is currently sitting at $2,365, showing a modest increase of +1.91% for the day, though it's down by -0.87% in the last 4 hours.
2. Volume: The trading volume is cooling down with the SMA (9) at 50.88K, signaling a possible consolidation phase.
3. Recent Performance:
7 Days: -11.04%, highlighting recent sell pressure.
30 Days: -3.55%, indicating slight volatility over the last month.
1 Year: +43.88%, showcasing Ethereumâs long-term upward trend despite short-term corrections.
Key Levels to Watch:
Support: $2,310 (recent low) is a critical level to hold. If this breaks, ETH might test the $2,200 range.
Resistance: $2,400 is the first barrier. If ETH pushes through, it could retest $2,500.
Predictions:
Short-Term: ETH might consolidate between $2,300-$2,400 before attempting a breakout.
Mid-Term: If it can hold above $2,310 and volume increases, Ethereum may challenge the $2,500 level soon.
Stay alert for potential volatility, especially with current market conditions!
