USDT Technical Analysis – Major Drop, Rebound Ahead?
Ethereum (ETH) has dropped 8.36%, now trading at $1,520.81 after hitting a low of $1,471.02. Despite the sharp dip, ETH remains above its SAR level of $1,473.78, hinting at potential short-term support. With 24h volume at 1.10M ETH ($1.74B), liquidity is strong and volatility is active (3.30% depth). Key resistance levels to watch include $1,580, $1,640, and the 24h high at $1,689. A break below $1,470 could trigger a fall toward $1,420. Currently, ETH is in a pivotal zone where a bounce could signal a recovery. Watch volume and reaction at $1,580 closely.
