$ETH Here is a technical analysis for ETH/USDT:
1. Trend & Price Action:
· Current Price: 2,698.66 USDT
· Trend: Bearish in the short term. Price is trading well below the Bollinger Band midline (2,859.43) and the SAR resistance (2,755.20).
· Recent Movement: Price has fallen from the 24h high of 2,769.03 and is hovering just above the 24h low of 2,636.50.
2. Key Technical Indicators:
· Bollinger Bands (20,2):
· Upper Band (UB): 3,112.17 → Strong resistance.
· Middle Band (BOLL): 2,859.43 → Dynamic resistance.
· Lower Band (LB): 2,606.69 → Immediate support.
· Price is currently tradin