$ETH /USDT Analysis – Key Levels & Momentum Review
Current Price: $3,214.57 (-2.95%)
Market Trend: Bearish short-term, testing key support levels
📊 Technical Overview
· MA(7): 3,608.77 → Price below short-term MA, indicating selling pressure
· MA(25): 3,072.82 → Near-term dynamic support
· MA(99): 1,705.89 → Long-term bullish structure remains intact
24h Range:
· High: $3,368.82
· Low: $3,177.68
· Current price is trading near the daily low, suggesting weak intraday momentum.
📈 Volume & Liquidity
· 24h Volume: 363,276.70
$ETH / $1.19B USDT
· Volume remains healthy, but price decline indicates possible distribution.
· Volume change: Today -3.58%, Weekly +3.09%, Monthly +8.40%
🔍 Key Levels to Watch
· Immediate Resistance: $3,368 (24h high)
· Immediate Support: $3,177 (24h low)
· Next Major Support: MA(25) at $3,072.82
· Long-term Support Zone: $2,588 – $2,600
📉 Indicators & Sentiment
· Price is below all short-term MAs, signaling bearish bias in the near term.
· If $3,177 breaks, next target is $3,072.
· A hold above MA(25) could trigger a bounce toward $3,442–3,608.
🧠 Trader’s Take
· Short-term: Watch $3,177 for breakdown or bounce.
· Medium-term: A close above $3,442 could invalidate bearish structure.
· Risk note: High timeframe trend remains up (MA(99) at $1,705), but near-term caution.
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