ETH/USDT: A Recent Rollercoaster with Current Bearish Lean

Looking at the ETH/USDT chart from June 7th to June 15th, we've seen some significant movement. After a strong uptrend peaking around $2,879 on June 11th, Ethereum experienced a sharp correction, dropping significantly on June 12th/13th. Since then, the price has been attempting to consolidate, but remains in a bearish trend, with the EMA9 staying below the EMA21 for an extended period after the peak, indicating downward momentum. Traders will be watching closely to see if ETH can find strong support or if the bearish pressure will continue.

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