#CryptoCharts101 what is observed in the ETH/USDT (Ethereum against Tether) chart on the Binance platform:
1. Current Price
Last price: $2,506.66
24h Change: -0.05% (slight decrease)
24h Range:
Maximum: $2,545.00
Minimum: $2,483.28
⏱️ Chart Interval
Candle interval: 4 hours (4h)
Each candle represents 4 hours of price movement.
📈 Moving Averages (MA)
MA(7): $2,514.39 (yellow)
MA(25): $2,527.30 (pink)
MA(99): $2,566.94 (purple)
Interpretation:
The current price is below all moving averages, suggesting a bearish trend in the short, medium, and long term.
The averages are aligned in a descending order (7 < 25 < 99), reinforcing the weakness of the price.
📊 Volume
24h Volume:
ETH: 2.40M
USDT: 6.04B
Mixed volume bars (green and red) are observed, with a recent decrease in buying volume.
📉 MACD (Momentum Indicator)
DIF (fast line): -13.27
DEA (slow line): -17.52
MACD Histogram: 4.25 (positive but close to zero)
Interpretation:
Although the histogram shows a slight recovery, the MACD remains below zero, indicating a prevailing bearish trend, although selling pressure is decreasing.
