#ETHBreaks3k

💡 Ethereum (ETH) Price Analysis: Struggles Below $3,000 Despite Breaking Resistance

Ethereum (ETH), the second-largest cryptocurrency by market cap, is currently trading at $2,983.05, slightly below the critical $3,000 resistance level. Despite a recent surge past this psychological barrier, ETH has faced downward pressure in the last 24 hours.

📊 Key Market Stats (ETH/USDT):

Current Price: $2,983.05

24h High: $3,067.43

24h Low: $2,932.46

24h Volume (ETH): 731,991.85 ETH

24h Volume (USDT): $2.19 Billion

Change (24h): -1.48% (~Rs 849,244.5)

Available Price Level (AVL): $3,017.80

Moving Average (MA 5): 110,601.0417

Moving Average (MA 10): 130,311.6012

📈 Price Action & Trend Analysis:

ETH recently touched a 24h high of $3,067.43, briefly breaking above the key $3,000 level. However, strong selling pressure dragged the price back below $3K. The support appears to be holding around the $2,930 – $2,950 zone.

The AVL at $3,017.80 suggests that buyers are still active near this region, but momentum remains weak after the rejection from the $3,070 range.

📉 Volume & Momentum Indicators:

The 24h trading volume remains strong with over $2.19B in USDT, indicating continued market interest.