$ETH ETH/USDT is currently displaying a neutral to slightly bullish bias. The price is hovering around its key moving averages, suggesting indecision in the market.

Key Indicators

Price: $2,618.08

Trend: Neutral to slightly bullish

Support: $2,594.46 (24h low), $2,588.40 (potential support level)

Resistance: $2,720.00 (24h high), $2,726.58 (potential resistance level)

Moving Averages:

7-day MA: 2,636.04

25-day MA: 2,633.86

99-day MA: 2,570.25

Volume: 616.04M USDT (24h)

RSI(6): 29.00 (oversold territory)

Analysis

Price Action: The price is trading above the 99-day MA but below the 7-day and 25-day MAs, indicating a short-term bearish bias but a longer-term bullish potential.

Support and Resistance: The $2,594.46 (24h low) and $2,588.40 levels could act as potential support, while the $2,720.00 (24h high) and $2,726.58 levels could act as resistance.

RSI: The RSI is at 29.00, which is in the oversold territory. This suggests a potential price reversal to the upside