ETH Market Update
Current Price: $2,300.39 (+0.86%)
Trend Analysis: The price is currently under pressure, trading below the MA60 (the grey line at 2,302.74). This indicates a short-term bearish tilt as the price struggles to break back above that moving average.
Volume Spike: There was a significant spike in selling volume (red bars) around 09:45, which caused the sharp drop from the $2,303 level.
Support/Resistance:
Immediate Resistance: $2,302 - $2,304. ETH needs to reclaim this level to turn bullish on this timeframe.
Local Support: $2,299. If it dips below this, we might see a faster slide toward the 24h low of $2,272.