#ETH 🔍 Current Price:
• ETH/USDT = $2,510.29
• Change: -0.09% (Slightly negative)
📊 Key Technical Indicators:
1. Candlestick Pattern (15-Minute Chart):
• There was a long upper wick on the last red candle, reaching a high of $2,527.35, which indicates selling pressure at higher levels.
• Price came down after hitting resistance and is now trying to hold around $2,510.
2. Moving Averages (MA):
• MA(7) = $2,509.36 (Yellow)
• MA(25) = $2,507.76 (Pink)
• MA(99) = $2,514.54 (Purple)
🔹 The price is slightly above the short-term MA(7) and MA(25), but below MA(99).
👉 This suggests short-term bullish momentum, but resistance at MA(99) could hold it down unless broken.
📈 Volume Analysis:
• Volume spike during the recent upward move, followed by a red candle with slightly less volume.
• This may indicate a temporary pullback or exhaustion of buyers at higher levels.
📉 Resistance & Support:
• Resistance Levels:
• $2,527 (recent high)
• $2,514 (MA 99)
• Support Levels:
• $2,504 (previous candle base)
• $2,490 (24h low)
🧠 Market Sentiment (Order Book):
• Bid: 53.70% vs Ask: 46.30% – More buyers than sellers at the moment.
• This suggests bullish sentiment, but only slightly.
📅 Volume Trend (Past Days):
• 7 Days: -1.16%
• 30 Days: +21.46%
• 90 Days: +24.14%
• 180 Days: -34.56%
• 1 Year: -31.78%
🔹 Medium-term trend is bullish, but long-term trend still bearish.
✅ Conclusion – Will ETH Go Up or Down?
📈 Bullish Signs:
• Price is above short-term MAs (7 & 25).
• Order book shows more buyers.
• Medium-term volume trend is strong.
📉 Bearish Signs:
• Strong resistance at $2,514 (MA 99) and $2,527.
• Rejection at higher levels shows selling pressure.
• Long-term trend is still negative.
🔮 Final Verdict:
• Short-Term (Next 1–2 Hours): Likely to move sideways or slightly up if it breaks above $2,514.
• If ETH fails to break $2,514, it might go down to $2,490–$2,495 support zone.
