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ETH/USDT pair - sideways decline, but bulls are still in the market
1️⃣ Unification Stage:
The price of #ETH is currently consolidating above all major moving averages ( the 7, 25, and 99) moving averages. The price is hovering around 2500 USD, stuck in a sideways range since the slowdown in May.
2️⃣ Support Levels:
2450 USD ← Short-term support ( Moving average 7)
2175 USD ← Strong support for the trend ( the moving average 99 + previous breakout base )
2000 USD ← psychological level and long-term bottom
3️⃣ Resistance levels:
2600 USD ← Local peak for the last range
2750 USD ← March swing peak
3000 USD ← Total breakout level
The price of ETH is currently witnessing a pattern of stability. A breakout above 2600 USD could pave the way for another rise. Failure to hold at the 2450 USD level may lead to the asset returning to the 2200-2175 USD range.
⚠️ Do what you like - search for yourself. This is not financial advice. Markets can be volatile - always trade responsibly!
#ETH ETHERUM #USD CRYPTO #Gate