$ETH /USDT Technical Analysis & Market Update
Current Price: $2,577.41 (-3.33%)
ETH is currently trading at $2,577.41, showing a decrease of 3.33%. The price is below the 7-day moving average (MA) at $2,586.19 and the 25-day MA at $2,626.68, indicating a bearish trend in the short term.
Resistance: The nearest resistance level is at $2,695.00. Breaking above this level could suggest a reversal of the current bearish momentum.
Support: The key support level is at $2,555.00. A drop below this support could lead to further declines.
Long Trade: Enter above $2,695.00, with targets at $2,720.00 and $2,750.00.
Short Trade: Enter below $2,555.00, aiming for targets at $2,530.00 and $2,500.00.
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