$ETH **ETH/USDT: Key Support and Resistance Levels to Watch**
The ETH/USDT pair is currently trading at **$2,421.67**, reflecting a **-7.14%** decline. Here’s a breakdown of the critical support and resistance levels based on the provided data:
### **Key Levels**
- **24h High:** **$2,640.86** (Resistance)
- **24h Low:** **$2,381.49** (Support)
- **Current Price:** **$2,421.67** (Testing near-term support)
### **Moving Averages (Trend Indicators)**
- **MA(7):** $2,541.59 (Short-term resistance)
- **MA(25):** $2,575.85 (Stronger resistance)
- **MA(99):** $2,581.89 (Long-term resistance)
The price is below all three MAs, indicating a bearish trend. A break above **MA(7)** could signal a short-term reversal.
### **Volume & Momentum**
- **24h Volume (USDT):** **2.20B** (High selling pressure)
- **MACD:** **-23.06** (Bearish momentum)
### **Support Zones**
1. **$2,381.49 (24h Low)** – Immediate support. A break below could lead to further downside.
2. **Psychological Support at $2,400** – Watch for reactions here.
### **Resistance Zones**
1. **$2,541.59 (MA7)** – First hurdle for bulls.
2. **$2,575–2,581 (MA25 & MA99)** – Strong resistance cluster.
### **Outlook**
- **Bearish below $2,540** (MA7).
- **Bullish reversal only if $2,580 is reclaimed.**
Trade with caution and monitor volume spikes for confirmation.
---
*Disclaimer: This is not financial advice. Always conduct your own research.*