#ETH🔥🔥🔥🔥 $ETH

**"ETH/USDT Faces Bearish Pressure on 1D Timeframe: Key Support and Resistance Levels"**

**Analysis:**

The ETH/USDT pair is currently trading at 3,167.60, showing a 7.95% decrease on the 1D timeframe. The price has recently encountered resistance near the 7-day moving average (MA) at 3,426.07 and the 25-day MA at 3,270.52. The 99-day MA at 3,357.37 provides another resistance level. The MACD is showing a bearish crossover, with the MACD line (3.24) falling below the signal line (9.65), indicating potential downward momentum. The RSI is at 28.10, suggesting that the asset is oversold and could be due for a short-term bounce.

**Support and Resistance Levels:**

- **Support:** The immediate support level is at 2,810.00, a recent low where the price previously found support.

- **Resistance:** Key resistance levels are at 3,270.52 (25-day MA) and 3,357.37 (99-day MA). Breaking above these levels could signal a potential reversal of the bearish trend.

Traders should monitor these levels closely, as a break below the support could lead to further declines, while a move above the resistance may indicate a recovery.