ETHUSDT Technical Analysis (Daily Timeframe)

Here’s a breakdown of the ETHUSDT perpetual chart you provided (Binance, 1D candles):

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📊 Current Market Overview

• Current Price: $2,474.71 (+1.60%)

• 24h High / Low: $2,524.41 / $2,406.45

• Recent Low: $2,111.00 (on June 23, 2025)

• Recent High: $2,879.00 (early June)

• Volume (24h): 5.41M ETH (~$13.38B in USDT)

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🕯️ Price Action

• ETH hit a local bottom at $2,111 and is now showing a recovery bounce, trading above $2,470.

• The last few candles show higher lows, indicating buyers are stepping in gradually.

• The current price is nearing resistance near the 10-day moving average, currently around $2,575.

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📈 Technical Indicators

• MA(5): ~3.72M (yellow)

• MA(10): ~5.77M (purple)

(Volume-based, not price-based MAs shown below chart)

• Price is below both short and medium-term MAs, indicating bearish pressure is still present.

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🔍 Volume Analysis

• Volume has decreased after the major drop to $2,111, suggesting weak bullish momentum in the recovery.

• Volume spikes align with sharp down moves—showing sell pressure dominated the last few weeks.

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⛳ Key Support/Resistance

• Resistance: $2,525 (24h high), $2,579, and $2,748

• Support: $2,410 (minor), then $2,241 and the low at $2,111

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🧠 Summary

• Short-Term Bias: Mildly Bullish (recovering from oversold)

• Medium-Term Bias: Bearish unless price reclaims and holds above $2,600+

• Watch for: Breakout above $2,525 for further upside; failure to hold $2,410 could trigger a retest of $2,241 or $2,111.#Write2Earn