Based on the chart you provided for ETH/USDT, here’s a concise market analysis for May 11, 2025:
ETH/USDT Market Analysis – Trend: UP
Ethereum ($ETH) is currently trading at $2,535.24, showing a +8.32% gain in the last 24 hours. The price rebounded from a low of $2,326.66 and touched a high of $2,638.13, indicating strong bullish momentum.
Technical Insights:
Volume Spike: Noticeable increase in buying volume during the recent rebound.
MA60 Resistance: Price is near the 60-period MA (2,546.52)—a break above could signal continued upside.
MACD & RSI (not shown in full) appear supportive of upward momentum.
Conclusion:
ETH is currently in an upward trend, with strong intraday recovery and bullish pressure. Traders should watch for a breakout above the MA60 line to confirm further upside.
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