I'm watching the ETH/USDT (Ethereum to Tether) trading chart. Let’s break it down for detailed analysis and trading insights:
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🔹 Market Overview
Current Price: $2,666.64
Price Change (24h): +3.73%
24h High: $2,692.99
24h Low: $2,452.20
24h Volume:
ETH: 1.23M ETH
USDT: 3.18 Billion USDT
📈 This indicates strong upward momentum within the past 24 hours.
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🔹 Candlestick Chart (1-Hour Interval)
Timeframe: Each candlestick = 1 hour
Recent Low: $2,452.20
Recent High: $2,692.99
Ethereum made a sharp recovery from the low of $2,452.20 and is currently consolidating just below the 24h high.
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📊 Moving Averages (MA)
MA(7) – Yellow: 2,658.12 → short-term trend
MA(25) – Pink: 2,594.05 → medium-term trend
MA(99) – Purple: 2,519.93 → long-term trend
✅ Price is above all MAs → strong bullish signal
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🔹 Volume Analysis
Big green bars show significant buying pressure after the dip.
Recent volume has normalized but still reflects positive interest.
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🔹 Performance Over Time (VOL Tab)
📌 Summary: Ethereum is showing strong short-term momentum, but still in recovery mode from long-term drawdown.
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🔹 Order Book Snapshot
Bid: $2,666.60
Ask: $2,666.61 → Tight spread = highly liquid
Buy/Sell Sentiment:
Buyers: 22.36%
Sellers: 77.64%
⚠️ Currently, more sell-side pressure, despite the upward price. Could be due to profit-taking near resistance.
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🔹 Technical Overview
Trend: Uptrend on 1h timeframe
Resistance: ~$2,693 (24h high) — a breakout here could push price toward $2,700+
Support Levels:
$2,600 – psychological level
$2,546 – recent price structure
$2,520 – 99 MA, strong support