#ETH
technical breakdown of the ETH/USDT trading pair based on the chart you've uploaded:
- **Price Movement**: ETH is currently trading at **$2,650**, down **0.03%**.
- **Key Moving Averages**:
- **MA(7)**: **$2,686.10** (short-term trend)
- **MA(25)**: **$2,626.09** (mid-term trend)
- **MA(99)**: **$2,569.82** (long-term trend)
- **Support & Resistance**:
- **Resistance** at **$2,788** (recent high on May 22, 2025).
- **Support** at **$2,612.04** (24-hour low).
- **Major historical support** at **$1,385.05** (low on April 12, 2025).
- **Volume Analysis**:
- Current **volume**: **40,087.25 ETH**
- **MA(5)**: **136,751.95**
- **MA(10)**: **115,373.79** (suggesting moderate market participation)
**Trading Insight**:
- The price is hovering **above the MA(25) but below the MA(7)**, indicating short-term resistance while maintaining mid-term stability.
- Volume is **below both short and mid-term moving averages**, suggesting **reduced buying pressure**.
- A break above **$2,788** could signal bullish continuation, while failure to hold **$2,612** may trigger a retest of **$2,569**.
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