📊 In-Depth $ETH /USD 1D Chart Analysis 📉
Ethereum ($ETH ) is trading at $1,828.91 on this 1D chart from Binance, down 0.72% (-$13.29) over the past day. The price has followed a clear uptrend since mid-April, rising from around $1,400 to a 24h high of $1,871.00, though it dipped to a 24h low of $1,813.00. Trading volume is solid, with 374,890.26 ETH moved, equating to 689.11M USD in the last 24 hours. 📅
The candlestick pattern shows a strong bullish phase with some volatility. After a sharp spike in late April, ETH consolidated between $1,600 and $1,700 before breaking out to test the $1,800-$1,871 range. Today’s small red candle suggests minor selling pressure or profit-taking after hitting resistance near $1,871. Potential support lies around $1,800, with stronger support at $1,700 if the price falls further. 📈
The Volume SMA indicates a spike in activity during the late April surge, followed by steady but lower volume as the price climbed. This could mean reduced momentum at these higher levels, so a close watch on the next few candles is key to confirm if the uptrend continues or if a deeper correction is coming. 📉