Technical Analysis of ETH/USDT (4-Hour Chart)
Current Price: $2,503.51
24h High/Low: $2,608.13 / $2,435.51
Indicators:
MA(7): $2,514.11 (Price is slightly below short-term MA — slight bearish indication)
MA(25): $2,301.18 (Still bullish in medium trend)
MA(99): $1,936.19 (Long-term sentiment remains bullish)
Volume Analysis:
There's been a sharp increase in volume between May 7 and May 9, supporting a strong rally from ~$1,750 to $2,608. However, the recent candles show declining volume, suggesting a slowdown in momentum.