$ETH / USDT 1H Update: Heavy Dumping in the Market! Will it Drop Further? 📉🔻
Ethereum ($ETH ) is currently trading at 2,372.48 USDT, having touched a low of 2,368.00 USDT amid strong bearish momentum in recent 1h candles.
🔍 Market & Technical View:
Sellers Dominance: With 68.71% sell pressure in the order book and heavy red volume bars, bears are currently in full control of the market.
Moving Averages: The price has slipped well below all short-term MAs, confirming sharp short-term weakness.
Next Level: If the immediate support at 2,368 USDT breaks, we could see further correction unfold.
What is your view? Are you buying this dip or expecting a bigger dump? Let us know in the comments! 👇
#ETHETFS #Ethereum! #CryptoAnalysis #BinanceSquareTalks #BearishTrend
Ethereum ($ETH ) is currently trading at 2,372.48 USDT, having touched a low of 2,368.00 USDT amid strong bearish momentum in recent 1h candles.
🔍 Market & Technical View:
Sellers Dominance: With 68.71% sell pressure in the order book and heavy red volume bars, bears are currently in full control of the market.
Moving Averages: The price has slipped well below all short-term MAs, confirming sharp short-term weakness.
Next Level: If the immediate support at 2,368 USDT breaks, we could see further correction unfold.
What is your view? Are you buying this dip or expecting a bigger dump? Let us know in the comments! 👇
#ETHETFS #Ethereum! #CryptoAnalysis #BinanceSquareTalks #BearishTrend