ETH/USDT is currently trading at $2,439.04, showing a moderate gain of +0.81% as the asset seeks to solidify short-term bullish momentum. The price has recently found support around $2,412, bouncing higher while remaining within a consolidation zone. The moving averages are tightly converged, with the MA-7 at $2,435.91, the MA-25 at $2,428.98, and the MA-99 at $2,435.82, suggesting price compression and the potential for a breakout. Volume is moderate, with the current session showing 2.53M in volume, slightly below the MA(10), indicating cautious buying activity. The RSI(6) is at 59.08, pointing to growing bullish momentum without yet approaching overbought conditions. Resistance remains around $2,447.80, the 24-hour high, while support lies at $2,405.81 and deeper at $2,388.29, the recent swing low. A decisive move above $2,450 could confirm a bullish breakout, while failure to hold above $2,430 may lead to short-term weakness. Overall, ETH is showing early signs of a bullish continuation, but confirmation will require stronger volume and a clean break above resistance.
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