Ethereum (ETH) continues to capture traders’ attention as the ETH/USDT pair trades around $4,296.20, showing a marginal uptick of +0.02% in the last 24 hours.
Key Highlights:
24h High: $4,354.19
24h Low: $4,204.20
24h Trading Volume: 484,381 ETH (≈ $2.07B in USDT)
The market witnessed fluctuations within a narrow range today. ETH briefly tested higher resistance levels near $4,354, but selling pressure pushed it down to the $4,204 zone before stabilizing around its current level.
Technical Indicators:
Moving Averages (MA): ETH is trading slightly below the MA60 level of $4,316.06, reflecting short-term weakness.
Relative Strength Index (RSI-6): Currently at 17.92, suggesting ETH is in the oversold territory, which may attract potential buying interest.
Volume Activity: Intraday volume spikes indicate strong trader participation, but bearish sentiment is keeping prices under pressure.
Market Sentiment:
With ETH hovering close to support levels, traders are watching closely for signs of a rebound. A break above $4,350 could signal bullish momentum, while a dip below $4,200 may trigger further downside movement.