$ETH #GateHKEventsKickOff ETH/USDT chart data, here's a technical analysis:
Current Price Action:
Ethereum is trading at $1,980.00, down 1.28% on the day. The price is hovering near the middle Bollinger Band (1,978.32), indicating a period of consolidation after recent movement. The 24-hour range is $1,923.79 to $2,038.85, placing current price roughly in the middle.
Indicators:
· Bollinger Bands (20,2): Upper band at $2,013.34, lower band at $1,943.30. The bands are moderately wide, suggesting average volatility. Price is slightly above the middle band, which could act as dynamic support/res