Analysis ETH/USDT...
Based on the screenshot from Binance for the ETH/USDT trading pair, here’s a quick technical analysis:
Current Price & Trend
Current Price: $1,577.99
24h Change: -1.84%
Short-Term Trend: Still in a downtrend (price below all key moving averages).
Support: Recent low at around $1,385.05
Resistance: The 25-day MA ($2,104.11)
Moving Averages (MA)
MA(7): $1,593.31 – short-term resistance.
MA(25): $1,690.40 – significant mid-term resistance.
MA(99): $2,378.91 – indicates strong long-term bearish sentiment.
Volume & Sentiment
Volume is declining post the recent spike around April 13, suggesting weakening momentum.
Volume Today: 216,430 ETH (moderate).
Order Book Sentiment:
Buy orders (Bid): 56.07%
Sell orders (Ask): 43.93%
Indicates slightly bullish interest at the moment.
Performance Overview
Past 7 Days: -3.42%
Past 30 Days: -19.95%
Past 90 Days: -54.18%
Past Year: -48.77%
This clearly shows ETH is in a long-term bearish trend.
