Here is a technical overview and analysis for $ETH /JPY

---

🧠 ETH/JPY Market Summary

Current Price: ¥366,432

USD Equivalent: $2,522.59

24h Change: -5.08% 🔻 (notable drop)

Sector: Layer 1 / Layer 2

---

📊 24-Hour Price Metrics

Metric Value

24h High: ¥387,826

24h Low: ¥357,073

24h Volume (ETH): 6,486.23 ETH

24h Volume (JPY): ¥2.40B

---

📉 Order Book Depth (Key Price Zones)

Resistance Support

¥373,429 ¥359,721

¥372,650 ¥357,073 (key support)

¥370,002 ¥356,294

---

📈 Technical Indicators

Indicator Value

MA(5): 68.71 ETH

MA(10): 67.09 ETH

Current Volume: 35.72 ETH (moderate)

---

🧭 Trend & Outlook

🔴 Bearish Bias

ETH has broken below short-term moving averages.

Trading near the 24h low (¥357K) — weak bounce signals.

Daily candle likely closing in red unless late recovery.

🟡 Neutral Zone

¥357,000–¥373,000 = range zone.

Sideways price action may occur if volume remains flat.

🟢 Recovery Setup (Needs confirmation)

Watch for bounce above ¥370,000 with volume spike.

Breakout above ¥373,429 would shift short-term outlook bullish.

---

🔍 Summary Table

Factor Status

Trend Bearish

Momentum Weak

Key Support ¥357,073

Key Resistance ¥373,429

Volume Trend Moderate ↓

Volatility High (Range: ¥357K–¥388K)

---

⚠️ Short-Term Risk Outlook:

If ¥357,073 support breaks, ETH/JPY may test ¥350K psychological support. A bounce would require renewed market strength and trading interest near or above ¥370K.

---

Would you like a candlestick chart preview, or comparison to BTC/JPY or other Layer 1s like SUI/JPY?

#ETH #ETHETFsApproved #SparkBinanceHODLerAirdrop #Write2Earn #Write2Earn!