📊 Brief Technical Analysis of ETH/USDT 📈
Ethereum shows a strong bullish momentum, following the overall market move and breaking key resistances:
💵 Current Price: $2,600.84 USDT (+5.61%).
🚀 Market Structure: After consolidating near the $2,425.03 USDT low, it broke upward, recording a 24-hour high at $2,610.00 USDT. It is currently trading in a consolidation area near the top of a high-volume candle.
📈 Moving Averages (Key Dynamic Supports):
MA(7): 2,508.38 USDT (closest dynamic support).
MA(25): 2,461.50 USDT.
MA(99): 2,477.02 USDT (the price strongly broke above the crossover between MA(25) and MA(99), confirming the breakout).
📊 Volume: It records a volume of 406,433.84 ETH (~$1.02B USDT) over the last 24 hours, supporting the strong bullish move in the recent candles.
💡 Holding the consolidation above the psychological level of $2,600.00 USDT will be crucial to validate buyers’ strength and look for an extension toward $2,650.00 USDT.
💬 Do you think Ethereum will keep the strength to go after the $2,700 USDT zone, or will we see a pause toward MA(7)? I’m reading your thoughts in the comments! 👇
$ETH USDTBTC
Ethereum shows a strong bullish momentum, following the overall market move and breaking key resistances:
💵 Current Price: $2,600.84 USDT (+5.61%).
🚀 Market Structure: After consolidating near the $2,425.03 USDT low, it broke upward, recording a 24-hour high at $2,610.00 USDT. It is currently trading in a consolidation area near the top of a high-volume candle.
📈 Moving Averages (Key Dynamic Supports):
MA(7): 2,508.38 USDT (closest dynamic support).
MA(25): 2,461.50 USDT.
MA(99): 2,477.02 USDT (the price strongly broke above the crossover between MA(25) and MA(99), confirming the breakout).
📊 Volume: It records a volume of 406,433.84 ETH (~$1.02B USDT) over the last 24 hours, supporting the strong bullish move in the recent candles.
💡 Holding the consolidation above the psychological level of $2,600.00 USDT will be crucial to validate buyers’ strength and look for an extension toward $2,650.00 USDT.
💬 Do you think Ethereum will keep the strength to go after the $2,700 USDT zone, or will we see a pause toward MA(7)? I’m reading your thoughts in the comments! 👇
$ETH USDTBTC
