Ethereum Market Update – What's Happening with ETH?

ETH/USDT is currently trading at $2,484.69, down 3.79% in the last 24 hours. After reaching a recent high of $2,738.50, ETH is experiencing a healthy correction phase.

Key Highlights:

24h High: $2,604.86

24h Low: $2,446.42

24h Volume: 527K+ ETH / 1.33B USDT

MA(7): $2,552.83 (Short-term trend)

MA(25): $2,085.17 (Mid-term trend)

MA(99): $2,080.08 (Long-term trend)

Analysis:

The strong upward breakout has pulled ETH above its 25 and 99-day moving averages — a bullish signal overall. However, short-term price retracement suggests consolidation is underway, possibly forming a base for the next move.

What to Watch For:

Price behavior near $2,450 support

Volume trends and moving average crossover

Confirmation of higher lows for bullish continuation

Reminder: Markets move in cycles. Corrections are part of the growth. Stay informed, manage risk, and never trade based on emotion.

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