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📊 Market Update: ETH/USDT on Gate.io
Current Price: $2,655.51 (+0.47%)
Timeframe: 4H Chart
Ethereum is showing resilience after a recent pullback from the 24H high of $2,788.00, currently trading at $2,655.51. After testing a support level near $2,608.79, the price is attempting a short-term recovery.
🔍 Key Indicators:
24H Low: $2,612.18
24H Volume: 216.10K ETH / 581.91M USDT
Moving Averages:
MA5: $2,701.75
MA10: $2,672.81
MA30: $2,606.81
🧠 Technical Insight:
The price is currently below the MA5 and MA10, indicating short-term bearish pressure.
However, it’s holding above the MA30, suggesting underlying strength around the $2,600 zone.
A close above $2,670 could confirm a bullish continuation, while a break below $2,608 may signal further downside.
Stay updated and manage your positions wisely. Volatility is opportunity—just trade smart. ✅
📈 Trade ETH/USDT now on Gate.io
#Ethereum #Gateio