$ETH /USDT Quick Look: What's the Next Move?
Hey everyone,
Sharing a recent chart update for the ETH/USDT pair. Currently, Ethereum's price is around $1,797.04. We've seen a slight decrease of -0.39% in the recent period.
Looking at the 24-hour data, the 24h High was $1,816.80 and the 24h Low was $1,731.70. The 24h Volume stands at 502,298.78 ETH, which is equivalent to 895.04M in USDT.
Taking a look at the chart, there's a clear volatility in price action. After a sharp decline, the price seems to be showing some stabilization and attempting to recover. The key question is whether this recovery will be sustainable or if we'll see another dip.
Traders are currently watching to see if the price can hold above the psychological level of $1,800. If this level breaks decisively, we might see further bullish momentum. On the other hand, if the price fails to sustain above this level, the 24h low of $1,731.70 could be retested.
What are your predictions? Do you think Ethereum will move upwards from here or head lower? Share your thoughts and trading ideas.
