Ethereum has experienced a decrease of 1.6%, now valued at $1,665.97, following a peak in the last 24 hours of $1,714.50. Trading volume stands at a reasonable $793 million USDT. The moving averages indicate a bearish trend: MA7 is at 1,666.72, MA25 at 1,684.70, and MA99 at 1,679.98—each of these levels serves as resistance above the current price. Trading activity is subdued, remaining beneath both the MA(5) and MA(10), highlighting weak investor engagement. Significant resistance points are found at MA7 ($1,666.72) and subsequently at MA99 ($1,679.98). Should the price surpass $1,670, it could aim for $1,690. Support levels are identified at $1,654.63 and thereafter at $1,651.63. The chart depicts a continuous drop from recent peaks, reflecting bearish momentum. While a rebound from support could present a quick trading opportunity, the overall trend is still downward. It is not yet seen as a buying opportunity. Patience is advised for a return to $1,680 accompanied by increased volume. Exercise caution. No signs of reversal have been established.@eth #ETH $ETH
ETH
1,691.76
+2.63%
BTC
63,430.96
+1.41%
XRP
1.1737
+3.43%
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