$ETH /USDT: Ethereum Faces Minor Decline Amid High Trading Volume

Ethereum (ETH) is trading at $3,612.24, down slightly by 0.18% in the last 24 hours. Despite the minor dip, the asset maintains strong trading activity, reflecting steady market interest.

Key Metrics

24h High: $3,682.01

24h Low: $3,554.32

24h Volume (ETH): 586,562.79 ETH

24h Volume (USDT): $2.12B

Technical Levels

Resistance Levels: $3,641.57, $3,682.01, $3,688.40

Support Levels: $3,594.76, $3,554.32, $3,547.93

Market Analysis

Resistance Test: A push above $3,641.57 could open the door for a retest of $3,682.01 or higher.

Support Zone: A break below $3,554.32 might lead to further declines, testing $3,547.93.

Trading Strategy

For Buyers: Look for an entry near $3,612.24, targeting $3,641.57, with a stop-loss below $3,554.32.

For Sellers: Consider shorting near $3,641.57 or $3,682.01, with stops above $3,688.40.

Sentiment Overview

Ethereum shows resilience despite a minor downturn, supported by significant trading volume. The market appears cautious, awaiting stronger signals for direction. As a leading Layer 1 blockchain, ETH remains a focal point for investors and developers alike.

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