📊 Key market data WBETH/USDT
Current price: $2,857.81
24-hour high: $2,878.00
24-hour low: $2,620.28
Trading volume (24h): $3 million
🔍 What is WBETH?
WBETH is a token representing staked ETH through the Beacon Chain mechanism. It allows holders to participate in Ethereum 2.0 staking while maintaining the liquidity of their assets. WBETH can be freely traded, used in DeFi protocols, and applied in other products within the Binance ecosystem.
📈 Technical analysis (4-hour timeframe)
🔹 Trend
On the 4-hour chart, WBETH shows an upward trend, reflecting the overall strengthening of Ethereum. The price is steadily rising, surpassing key resistance levels.
🔹 Support and resistance
Nearest support: $2,620.00
Nearest resistance: $2,878.00
🔹 Indicators
RSI (4H): Around 56, indicating strengthening bullish momentum without reaching overbought territory.
MACD: Positive, confirming the upward trend.
📌 Summary
WBETH shows a stable upward trend on the 4-hour chart. A breakout of the resistance level at $2,878.00 could open the way to the next targets around $2,900.00 and above. However, if the price cannot overcome this resistance, a pullback to the support level at $2,620.00 is possible. Traders are advised to closely monitor price behavior near these key levels and use appropriate risk management strategies.