📉 ETH/USDT Post-PPI Analysis — Volatility Spikes, Bulls Still in Control?
Ethereum is currently trading at 4,564.92 USDT, down -4.05% on the day. The drop follows hotter-than-expected U.S. PPI data, which triggered broad selling across crypto markets. Despite the pullback, ETH remains in a strong uptrend.
🔍 Trend Structure:
- EMA(34): 3,747.09
- EMA(89): 3,172.56
- EMA(146): 2,942.78
- EMA(200): 2,857.00
ETH is trading well above all major EMAs — a clear sign of bullish dominance. The recent rejection from 4,788 is a natural reaction to macro pressure, not a trend reversal (yet).
📊 Momentum Indicators:
- MACD: Bullish (DIF 318.67 > DEA 251.14, MACD 67.53)
- RSI(6): 71.04 — slightly overbought
MACD shows strong momentum, but RSI above 70 suggests ETH may be entering short-term exhaustion. A consolidation or minor pullback could occur before continuation.
🔧 Volume & Participation:
- Volume: 1.25M (candlestick)
- Total Volume: 5.85B — elevated, confirming strong market interest
- MA(5): 856.41M
- MA(10): 718.33M
Volume spike aligns with volatility post-PPI. Watch for volume divergence or stabilization near support.
📌 Key Levels:
- Resistance: 4,788 → 4,800
- Support: 4,400 → 4,268 → 3,986
If ETH holds above 4,400, the bullish structure remains intact. A break below 4,268 could trigger deeper correction toward 3,986.
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⚖️ Summary:
- ⚠️ PPI shock triggered short-term volatility
- ✅ Long-term trend still bullish above EMA(200)
- 🔍 Watch RSI and volume for reversal or continuation signals
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