zexinsights

Market Context
ETH/USDT is trading at $2,496.52, up +0.34% on the day. Price swept down to $2,470 intraday before reclaiming the $2,496 zone — a strong recovery off the daily low. 24h range: $2,470.57 - $2,523.30
Medium-term trend remains bullish: 30-day +29.82%, 90-day +52.88%.
Technical Structure
MA60 currently at $2,491.63 — price just reclaimed this level, a short-term bullish signal
Support zone: $2,480 - $2,470 (today's swing low)
Resistance zone: $2,501 - $2,522
Order book currently shows heavier ask-side pressure (74.09% sell-side depth) — sellers still in control near current price
Execution Focus
The bounce off $2,470 is constructive, but ask-side dominance in the order book suggests resistance overhead isn't cleared yet. Wait for a confirmed close above $2,501 before treating this as trend continuation. Risk management first — size positions to the setup, not the emotion.
What's your view — does ETH reclaim $2,522 next, or does the sell-side pressure push it back toward $2,480?
$ETH #ZEXInsights