Analysing$ETH

Current Price & Trend:

* The current price of ETH is 2,409.55 USDT.

* It's showing a -3.28% decrease, indicating a downward trend in the last 24 hours.

24-Hour Performance:

* 24h High: 2,495.84 USDT

* 24h Low: 2,373.00 USDT

* 24h Vol (ETH): 364,039.65 ETH

* 24h Vol (USDT): 885.36M USDT

Moving Averages (from the chart, approximate values):

* EMA(7): Approximately 2,428.66

* EMA(25): Approximately 2,444.44

* EMA(99): Approximately 2,457.48

* Observation: The current price (2,409.55) is below all three EMAs, reinforcing the bearish sentiment. The EMAs themselves appear to be fanning out downwards, with the shorter-term EMAs (7 and 25) below the longer-term EMA (99), which is another bearish signal.

Volume Indicators (from the bottom panel):

* Vol: 35,087.7015

* MA(5): 58,944.6222

* MA(10): 62,190.5303

* Observation: The current volume is lower than both the 5-period and 10-period moving averages of volume, which suggests that the recent price drop might be on relatively lower volume compared to recent activity.

Candlestick Chart Analysis (4h timeframe):

* The chart shows several red (bearish) candlesticks in recent periods, particularly a significant drop from around 2,498-2,500 down to the current levels.

* There was a peak around 2,525, which appears to be a resistance level.

* The price briefly touched a low of 2,373.00, which is the 24-hour low and acts as a support level. The current price is slightly above this level.

* The last few candles are red, indicating continued selling pressure.

Overall Summary:

The ETH/USDT pair is currently in a downtrend, as evidenced by the negative 24-hour change, the price being below key Exponential Moving Averages, and the prevalence of red candlesticks on the 4-hour chart. The 24-hour low of 2,373.00 appears to be a critical immediate support level. Resistance is observed around the 2,450-2,500 range, with a stronger resistance at 2,525. The volume seems to be declining as the price drops.#TrumpVsMusk #BTC110KToday?