Here’s the latest data for $ETH

/USDT:

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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

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Volume and Activity

24h Volume (ETH): 478,736.56 ETH

24h Volume (USDT): 1.19B USDT

Current Trading Volume: 5,576.02 ETH

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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)

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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)

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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.

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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.

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