$ETH If we observe the behavior chart of the ETH/USDT pair for today, we can see a correction day following the recent bullish momentum. The current price is $2535.39, with a slight decrease of 0.27% for the day. After reaching a 24-hour high of $2565.74, we see a profit-taking that has led it towards the nearby support.
The trading volume in 24 hours remains robust, suggesting significant activity at these levels. The 7 and 25 period moving averages (MA) are still below the current price, indicating an underlying bullish trend, although consolidation is needed. We will be attentive to whether ETH can maintain support in the $2500 area or if selling pressure continues. Volatility continues to be the main character!