Current Price & Trend:
The current price of $ETH is 2,481.75 USDT, which represents a -5.39% change. This indicates a significant decline in price.
The chart shows a recent downtrend, with the price dropping from a higher point (around 2485-2490) to its current level. There was a peak earlier, followed by a decline.
Trading Activity & Volume:
The volume bars at the bottom show significant trading activity. There are both green (buy) and red (sell) bars, but the recent red bars are quite prominent, suggesting selling pressure.
The "24h Vol($ETH )" is 960,483.0, and "24h Vol(USDT)" is 2.38B, indicating substantial trading volume for Ethereum in the last 24 hours.
Key Metrics & Indicators:
24h High: 2,630.80
24h Low: 2,381.49
The current price is closer to the 24h low than the 24h high, further confirming the recent downward movement.
Moving Averages (MA):
MA60 is 2,480.96. The current price is slightly above the MA60, which could be a short-term support level, but given the downtrend, it might be tested.
The volume moving averages are also shown: MA(5): 416.3853 and MA(10): 326.3092.
Order Book:
The order book shows that 28.10% of orders are on the bid (buy) side, and 71.90% are on the ask (sell) side. This significant imbalance towards the ask side further indicates strong selling pressure in the market.
The best bid is 23.1957, and the best ask is 2,481.76.
Timeframe:
The chart is currently set to the 15-minute timeframe, showing recent price movements in detail.
The x-axis of the volume chart indicates the time range from "2025-06-06 17:56" to "2025-06-06 18:14", confirming the current date and time (June 6, 2025).
Summary:
The image depicts $ETH /USDT in a notable downtrend on June 6, 2025. The price has fallen significantly, volume is high, and the order book shows a strong bias towards selling. This suggests bearish sentiment currently dominates the market for this pair.
#Cryptocurrency #MarketAnalysis #TechnicalAnalysis #DigitalAssets #TradingSignals