Here’s the latest data for
$ETH /USDT:
---
Market Overview
Current Price: $2,466.64 (down 2.91% in the past 24 hours)
24h High: $2,566.33
24h Low: $2,382.59
---
Volume and Activity
24h Volume (ETH): 478,736.56 ETH
24h Volume (USDT): 1.19B USDT
Current Trading Volume: 5,576.02 ETH
---
Moving Averages (MA)
MA(7): $2,469.06 (short-term average, close to the current price)
MA(25): $2,483.59 (slightly above current price, indicating resistance)
MA(99): $2,540.91 (long-term average, showing significant resistance at this level)
---
Support and Resistance Levels
Support Levels:
$2,382.59 (24h low, important support level)
Resistance Levels:
$2,566.33 (24h high)
$2,540.91 (99-day MA, a significant resistance)
---
Indicators and Trend Analysis
Moving Averages: Current price is just below the 7-day and 25-day MAs, indicating short-term resistance.
Volume and MACD: A steady volume and negative price movement suggest a bearish trend, though strong support at $2,382.59 may lead to a price bounce if trading volume increases at this level.
---
Summary
The ETH/USDT pair is in a slight downtrend, with key resistance at $2,483.59 and $2,566.33. If the price breaks below $2,382.59, we may see further downside. Holding above this support level could signal a potential rebound, especially if trading volume remains strong.
#BTCETFDemandSurge #CryptoPreUSElection #TetherUnderInvestigation #USJoblessClaimsDip #ScrollOnBinance