ETH/USDT 1 Hour - What's the Upcoming Trend?
On the 1 hour, ETH/USDT is hovering around 2,634.30 USDT, with a slight increase of 0.40% in the last 24 hours. The market is showing signs of accumulation after ETH peaked at 2,688.60 USDT and then corrected to the support zone.
Chart Analysis:
• Important Resistance: 2,688.60 USDT
• Strong Support: 2,591.58 USDT
Currently, the price is trying to stay above this support level. If this zone continues to be defended, there is a high possibility that the price will have a recovery to retest the resistance at 2,648.37 USDT.
Market Momentum:
• ETH's 24-hour trading volume reached 256,531.08, indicating strong investor participation.
• USDT trading volume reached 672.36M, a relatively stable level, showing a balance between supply and demand.$ETH
