ETH/USDT Analysis

Current Price: $1,617.18 with a daily increase of 1.78%, after recording a daily low of $1,586.70 and a high of $1,631.81. The trading volume over the last 24 hours reached 365.85 million USDT, reflecting average market interest.

Technical analysis indicates relative weakness in the upward trend:

• EMA7 = 2,390.69 and EMA25 = 2,517.60, indicating that the current price is moving away from the averages, reflecting ongoing selling pressure.

• The MACD indicator remains negative, supporting the downward trend.

• StochRSI and RSI show that the price is approaching the oversold area, which may signal a short-term rebound.

• KDJ and OBV are not currently encouraging, indicating that the momentum is insufficient for any strong continuation upward.

Overall: The general trend remains downward in the medium term, but there is a chance for a temporary rebound. Caution is advised when entering and waiting for stronger technical confirmations.