#OrderTypes101 #ETHUSDT.
Ethusdt update
The latest available data on the ETH/USDT trading pair indicates the following for May 31, 2025:
Price: Ethereum (ETH) is trading at approximately $2,594.79 against Tether (USDT), according to real-time market data from Coinbase.
24-Hour Performance: Ethereum experienced a -4.30% price decline in the last 24 hours, with a trading volume of around $25.39 billion.
Market Sentiment: The sentiment remains largely bullish, with technical indicators showing 30 bullish signals versus 2 bearish signals. The Relative Strength Index (RSI) is at 68.67, indicating a neutral market position, close to overbought territory.
Recent Trends: Ethereum has shown resilience, recovering above $2,600 after a sharp drop, with potential to target $3,000 if institutional interest and network improvements continue to drive demand.
Key Levels: Resistance is noted around $2,718–$2,725, with a breakout potentially pushing prices higher. Support is around $2,600, and a drop below could signal a pullback.
Market Context: Volatility is elevated due to a massive $11.4 billion options expiration for Bitcoin and Ethereum, which could influence short-term price movements. Posts on X also highlight strong fundamentals, with 1 million ETH leaving exchanges last month and $41.59 million in ETF inflows, suggesting accumulation by large wallets.
Note: Cryptocurrency prices are highly volatile, and these figures are based on the most recent data available. For real-time updates, you can check platforms like Binance, Coinbase, or TradingView. Always conduct your own research before making investment decisions.
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