#TrumpTariffs the ETH/USDT
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### **Current Overview:**
- **Price:** $1,417.24
- **24h Change:** -10.63% (big drop—bearish)
- **24h High / Low:** $1,602.27 / $1,385.05
- **Volume:** High, with recent spikes (increased selling pressure)
- **MA60:** $1,431.94 (Price is trading *below* this—bearish sign)
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### **Indicators and Trends:**
1. **Moving Averages:**
- MA(60): $1,431.94 → current price is below, suggesting a **downtrend**.
- MA(5): $1,031.87 and MA(10): $1,010.72 seem off—these might be from a different indicator scale (possibly a mislabel). Ignore for now due to inconsistency.
2. **Volume (VOL):**
- Spike in red bars = **selling volume dominance**.
- Recent green bar suggests a small bounce, but not strong enough yet for a reversal.
3. **Recent Price Movement:**
- Sharp drop followed by a weak recovery = **bearish retracement**.
- The price tried to bounce but failed to break back above key moving average resistance.
4. **Longer-Term Performance:**
- 7 Days: -25.71%
- 30 Days: -29.91%
- 90 Days: -56.85%
- 1 Year: -61.61%
→ Clear **long-term downtrend**.
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### **Trade Signal Suggestion:**
- **Bias:** **Bearish**
- **Short-term Traders:** If already short, you could hold but be cautious of a bounce.
- **Long-term Traders/Buyers:** Not a buy signal yet. Wait for confirmation of support and reversal signs.
- **Entry Signal:** Not ideal for long unless strong bounce with volume & break above $1,432 (MA60).
- **Stop-loss (if buying):** Around $1,385 (recent low)
- **Target (if shorting):** Around $1,385 or lower
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