Here’s a detailed summary of the current trading data for $ETH

H/USDT:

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Current Price: $2,622.40 (-3.37%)

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Price Statistics:

24h High: $2,716.08

24h Low: $2,613.20

24h Volume (ETH): 311,021.06 ETH

24h Volume (USDT): $827.68M

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Moving Averages (MA):

MA (5): 9,602.35 ETH

MA (7): 2,637.48

MA (10): 9,094.14 ETH

MA (25): 2,661.90

MA (99): 2,663.41

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Market Depth and Key Levels:

Current Price Level: $2,622.40

Resistance Level: $2,716.08 (24h High)

Support Level: $2,613.20 (24h Low)

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Trading Insights:

The price of Ethereum (ETH) is currently at $2,622.40, reflecting a 3.37% decrease over the past 24 hours.

Trading volume remains significant, with 311,021.06 ETH traded, equating to approximately $827.68M in USDT.

The 7-day moving average is slightly above the current price, suggesting potential resistance near the MA (25) and MA (99) levels around $2,661.90 and $2,663.41, respectively.

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Conclusion:

Overall, ETH is experiencing a bearish trend with recent price declines. Market participants should monitor the support at $2,613.20 closely, as a breakdown below this level could indicate further downward momentum. Resistance is identified at $2,716.08, which may serve as a target for price recovery in the near term. The substantial trading volume indicates active participation in the market, and observing the moving averages can help gauge potential trend changes.

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