$ETH ! Analysis of ETH/USDT for today! ⚡️

As of May 9, 2025, ETH/USDT has reflected the general caution of the market, showing a day of sideways movement with slight bearish pressure. After attempting to hold above $2194 in the morning, the price has gradually retraced, settling around $2490 at the partial close of the day.

The trading volume has been modest, without significant impulsive movements. Short-term technical indicators suggest a possible consolidation in this range, with the 20-period moving average acting as a nearby resistance. The lack of a clear bullish catalyst has limited buying momentum. Investors will be watching to see if ETH can maintain support or if it will head to test lower levels. The correlation with Bitcoin remains high, influencing its behavior. 📉