The ETH/USDT chart shows a current price of 2,183.41, reflecting a 5.96% increase. The 24-hour high reached 2,273.51, while the low was 1,993.20.
Looking at the 15-minute timeframe, Ethereum experienced a sharp rally followed by a decline from its peak. The price found some support around 2,166.48 and is attempting a recovery.
The MACD indicator is showing negative momentum, suggesting the recent downtrend may still have some influence. However, if buying pressure increases, ETH could see another upward movement.
Short-term traders may watch for a breakout above 2,200 for further upside, while a drop below 2,166 could indicate further downside risk.
