Here's a focused technical analysis of $ETH /USDT based on your data:
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ETH/USDT Market Snapshot
Current Price: $1,764.06
24h Change: -2.89%
24h High / Low:
High: $1,832.49
Low: $1,731.70
MA60: $1,764.33 (price is sitting right at the moving average — pivotal zone)
Volume (24h):
ETH: 482,278
USDT: $862.27M
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Performance Overview
Short-Term: Slight gain over 7 days suggests a bounce attempt after steep prior sell-offs.
Long-Term: Heavy drawdown (-44% YoY) reflects macro or sentiment-driven weakness in Ethereum.
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Key Technical Levels
Support:
Immediate: ~$1,731 (24h low)
Stronger: ~$1,700 psychological zone
Resistance:
$1,790–1,800 (minor sell wall)
$1,832 (24h high, short-term breakout barrier)
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Outlook
Neutral to Bearish Bias: ETH is struggling to hold above MA60 and is within a high-volume, low-momentum zone.
Potential Scenarios:
A break below $1,731 may lead to a retest of $1,700 or even $1,650.
A push above $1,790–$1,800 could open up upside to $1,850+, but momentum needs confirmation (MACD, RSI, volume spike).
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