ETH/USDT is currently trading at $2,518.49, showing a modest intraday gain of +0.10%, reflecting a mild recovery attempt. The price is hovering just above the 7-day MA ($2,509.35) and is approaching the 25-day MA ($2,515.00), with the 99-day MA ($2,551.00) acting as a critical resistance level that has not yet been breached. The recent low at $2,453.80 shows a temporary bottom formation, followed by a slight bullish rebound. However, ETH remains in a sideways consolidation pattern with a relatively flat structure. The RSI is at 55.09, indicating neutral momentum leaning slightly toward bullish territory. Trading volume remains average at 4.67M, suggesting steady but cautious participation. Over the longer term, ETH is still in a weak position with a -26.43% annual decline and -25.55% over 180 days, though the 90-day performance of +28.57% shows short-term recovery potential. Overall, ETH is in a delicate consolidation phase, with resistance near $2,551 and support around $2,454. A confirmed break above the 99-day MA would signal bullish continuation, while a drop below recent support could trigger renewed downside pressure.
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