$ETH 📉 Ethereum (ETH/USDT) Analysis: Bearish Signals on the Daily Chart 📉

Ethereum (ETH/USDT) on Binance is showing a steep decline, with the price at $1,470.88, down -5.51% in the last 24 hours. The daily chart reveals a consistent downtrend, breaking below key moving averages—MA(7) at $1,466.77, MA(25) at $1,471.03, and MA(99) at $1,544.50—indicating strong bearish momentum. Volume has surged to 892,672.07 ETH, reflecting heavy selling pressure. The MACD histogram below the chart shows a deepening bearish trend, with the signal line trending downward. Over the past 90 days, ETH has plummeted -54.92%, and over the year, it’s down -59.91%. Support may be tested at the 24H low of $1,441.30, with resistance near $1,530.03. Is this a capitulation phase, or will ETH find a bottom soon? Let’s discuss! 🧐 #Ethereum #Crypto #Trading #ETHUSDT