$ETH #Ethereum Ethereum (ETH) is currently trading at $1,803.71, down 0.94% in the last 24 hours. The trading volume recorded reached $512.52 million USDT, reflecting sustained market activity. Throughout the day, the ETH/USDT pair showed significant volatility, with a high of $1,833.55 and a low of $1,792.49.
Technical Analysis Overview Bollinger Bands: ETH is below the middle band ($1,750.40), indicating that selling pressure still dominates. Resistance level is at $1,939.87, while strong support is at $1,560.93. Moving Averages: The MA(5) and MA(10) averages show a short-term downtrend, but the rebound opportunity remains open if ETH can stay above $1,750.
Trading Volume: Sustained high volume reflects solid market interest, even as prices are correcting.
Why is Ethereum Still Attractive?
Sustainable Innovation – Ethereum continues to develop its network infrastructure. Updates like Danksharding are significant steps to enhance the efficiency and scalability of the blockchain. DeFi Ecosystem Hub – As the main foundation of global DeFi projects, Ethereum maintains dominance with a stable Total Value Locked (TVL).
Regulatory Issues – Cryptocurrency regulations, including the legal status of ETH, remain a focus for investors. This uncertainty creates intriguing dynamics in the short term.
Short Price Prediction
As long as ETH can maintain the psychological level of $1,750, the opportunity to retest the $1,900 area remains open. Conversely, if selling pressure continues to increase and breaches this support, the price could drop to the $1,560 area.
