ETH Market Update Today: ETH/USDT is currently trading at $2507.17 which is down -0.18% in the last 24 hours after facing rejection from the $2524.90 resistance level.
During the day ETH made a high of $2524.90 and a low of $2498.32 with a trading volume of 1.24B USDT and 495K ETH exchanged which shows slight selling pressure.
The hourly chart shows ETH is in a small correction phase after a strong monthly rally of +33.69% and weekly gain of +1.67%, so this dip looks like a healthy pullback.
Immediate support for ETH is at $2500 and $2498 level and if this holds then ETH can bounce back towards $2525 and $2550 resistance levels in the short term.
Despite this tiny -0.18% drop today, ETH is still very strong on higher timeframe with RSI at 44.2 and market waiting for a breakout above $2525 to continue bullish trend.
Overall sentiment for ETH is slightly bearish for today but bullish for long term, so traders should avoid panic selling and watch $2498 support with proper risk management.$ETH
#FedHikeOddsRiseTo89% #AvalancheIntegratesIntoUAEPassDigitalVault #UKSeeksViewsOnTokenizingGold #AnthropicCEOCallsForAISlowdown #BrazilCentralBankRaisesVASPCapitalRequirements
During the day ETH made a high of $2524.90 and a low of $2498.32 with a trading volume of 1.24B USDT and 495K ETH exchanged which shows slight selling pressure.
The hourly chart shows ETH is in a small correction phase after a strong monthly rally of +33.69% and weekly gain of +1.67%, so this dip looks like a healthy pullback.
Immediate support for ETH is at $2500 and $2498 level and if this holds then ETH can bounce back towards $2525 and $2550 resistance levels in the short term.
Despite this tiny -0.18% drop today, ETH is still very strong on higher timeframe with RSI at 44.2 and market waiting for a breakout above $2525 to continue bullish trend.
Overall sentiment for ETH is slightly bearish for today but bullish for long term, so traders should avoid panic selling and watch $2498 support with proper risk management.$ETH
#FedHikeOddsRiseTo89% #AvalancheIntegratesIntoUAEPassDigitalVault #UKSeeksViewsOnTokenizingGold #AnthropicCEOCallsForAISlowdown #BrazilCentralBankRaisesVASPCapitalRequirements
