ETH/USDT Market Analysis

The current ETH/USDT price is $2,363.27, with a 24-hour decline of 2.73% and a trading volume of 708 million. The market performance is relatively weak.

From a technical perspective, the candlestick chart shows continuous bearish movement, the MACD indicator has formed a death cross, green bars are continuing to expand, and short-term bears dominate. The RSI (14) value is 18.99, indicating an oversold signal; however, the strength of a rebound remains to be observed.

Key Levels

• Support Level: 2,125.01 (recent low), 2,000 (strong support level).

• Resistance Level: 2,466.08 (yesterday's high), 2,496.25 (24-hour high).

Market Judgment

Short-term bearish outlook, expecting the price to dip into the 2,125-2,000 range. If a rebound can break through 2,466, the outlook will turn bullish, but attention must be paid to the risks posed by insufficient trading volume. Overall, the trend is weak, and it may continue to oscillate downward in the coming week, with a key focus on whether the 2,000 support level holds.

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