📉 ETH/USDT Market Overview – Losing Momentum or Preparing for a Bounce?
Current price: 2,552.50 USDT
24h change: -0.66%
24h high/low: 2,575.85 / 2,503.66 USDT
Ethereum (ETH) is facing short-term pressure as the price struggles to stay above the short-term moving averages. Despite a solid longer-term trend, momentum is cooling down in the 4-hour timeframe.
🔍 Key Observations:
• ETH is hovering below both the EMA(7) and EMA(25), which suggests weakening short-term bullish momentum.
• The MACD line is trending downward with a negative histogram, confirming the selling pressure is not over.
• Key support is around 2,503 USDT (24h low), and major support seen earlier at 2,323.
• Volume has decreased after the recent spike near 2,600, signaling reduced interest at higher prices.
📈 Trading Ideas:
• Conservative traders may wait for a confirmed bounce above 2,570 to re-enter long positions.
• Aggressive entries could consider buying near 2,500–2,520 if signs of reversal appear, with tight stop-losses.
• Long-term holders may continue holding, as ETH remains above the 99 EMA and 30-day gain is strong (+44.21%).
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