strong buy
Ethereum Price Drops with Increased Selling Pressure
Ethereum's current price is approximately 2,523.24 USDT, reflecting a 3.88% decrease over the past 24 hours. The highest price in this period was $2,643.09, while the lowest was $2,476. The 24-hour trading volume stands at around $568 million. There are notably more sellers (139.3242) than buyers (23.33565). This data indicates a bearish short-term trend with significant selling pressure, suggesting caution for traders.
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AI Analysis
Ethereum recently experienced a decline of 3.88% in the last 24 hours, with its price falling from the recent high of $2,643.09 to the current level of approximately $2,523.24 USDT. This drop suggests...
AI Recommendation
Given the current downward movement with increased sell volume, it is advisable to adopt a cautious approach. Traders might wait for confirmation of a support hold at around $2,476 or a reversal patte...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.