#ETH
technical analysis of ETH/USDT based on your chart:
- **Current Price:** $2,639.38 (-1.21%)
- **24h Range:** $2,608.50 - $2,712.36
- **Key Support:** $2,479.24
- **Key Resistance:** $2,712.36
- **Moving Averages:**
- MA(7): $2,630.27 (short-term trend)
- MA(25): $2,646.74 (mid-term trend)
- MA(99): $2,652.31 (long-term trend)
The short-term moving average (MA 7) is below the mid-term and long-term MAs, signaling short-term weakness. However, the price is hovering close to key resistance at $2,712.36, which could trigger a breakout if volume increases.
- **Volume Analysis:**
- **24h Volume:** 584K ETH (~$1.55B USDT)
- Current volume is 3,972 ETH, showing moderate activity.
If ETH maintains support above $2,608.50, a retest of $2,712.36 is possible. A break above this level could confirm an uptrend, while failure to hold could lead to a retest of $2,479.24.
