$ETH 📊 Market Overview

Current Price: $2,751.54

24h Change: +1.55%

24h High: $2,770.59

24h Low: $2,706.02

24h Volume: 343,893.52 ETH (~940.22M USDT)

📉 Current Trend

Ethereum recently experienced a sharp drop, reaching $2,125.01 before starting a recovery. The price is currently trying to consolidate above $2,750.

📌 Moving Averages (MA):

MA (7) - Short term: $2,709.07 (below current price → slight support)

MA (25) - Medium term: $2,820.75 (above current price → resistance)

MA (99) - Long term: $3,305.31 (well above current price → bearish trend still present)

🚨 The price is below the 25- and 99-period moving averages, indicating that the long-term trend has not yet reversed. In the short term, ETH is trying to hold the MA (7) as support.

📊 Volume and Buying/Selling Pressure

Trading volume is moderate, with no major buying or selling spikes.

The Order Book shows 72.85% selling pressure, which indicates that there is still resistance for ETH to continue rising in the short term.

🔍 What to watch for?

1️⃣ Support at $2,700 → If ETH loses this level, it could retest $2,360 and even $2,125.

2️⃣ Resistance at $2,820 → Needs to break through to reach higher levels, such as $2,979 and $3,305.

3️⃣ High selling pressure → Could mean that the current rally has difficulty continuing.

💡 Conclusion

Ethereum is trying to recover, but it still faces resistance at the moving averages and considerable selling pressure. A break above $2,820 could bring a stronger upward movement. Otherwise, there are still downside risks if it loses the $2,700 support.

⚠️ Keep an eye on volume and market strength before making decisions!