#ETHBreaks2k
This is a **Binance ETH/USDT** trading chart with a **1-hour timeframe**. Here’s a breakdown of what it shows:
### 📊 **Price & Performance**
- **Current Price:** **$2,010.10** (up **+3.68%** 📈)
- **24h High:** **$2,069.90**
- **24h Low:** **$1,930.99**
- **24h Volume:** **671,614.48 ETH** (~**$1.36B USDT**)
### 📈 **Moving Averages (MA)**
- **MA(7) - Short-term (Yellow Line):** **$2,020.65** 🟡 (recent trend)
- **MA(25) - Medium-term (Pink Line):** **$2,017.14** 💗 (moderate trend)
- **MA(99) - Long-term (Purple Line):** **$1,935.96** 💜 (overall trend)
### 🔥 **Market Trend**
- The price **previously surged** from **$1,873.60** to **$2,069.90** but is now **cooling off** 📉.
- The **yellow MA(7) line is curving downward**, indicating a possible short-term downtrend.
### 📊 **Volume & Market Sentiment**
- Volume spiked during the uptrend **(green bars) 📈**, showing strong buying.
- Now, red volume bars 🔴 suggest increased **selling pressure**.
- **Order Book:** **87.02% buyers** vs. **12.98% sellers**—more buyers than sellers, meaning demand is still strong.
### 📉 **Long-Term Trends**
- **Today:** **-1.85%** 📉
- **7 Days:** **+7.39%** ✅
- **30 Days:** **-26.26%** ❌
- **90 Days:** **-44.49%** ❌
- **1 Year:** **-39.60%** ❌
🔍 **Summary:**
- **Short-term:** ETH has **cooled off after a peak** at $2,069.90 but is still **above key moving averages**.
- **Medium-term:** Volume shows **lower buying interest**, and **short-term MA is turning bearish**.
- **Long-term:** Still in **a downtrend** 📉 over the last year, despite recent gains.
🚀 If ETH **stays above $1,993**, it may **recover**. If it **drops below $1,935**, a bigger **downtrend** could start.