ETH/USDT: The Foundation Holds Steady

$ETH is showing resilience, trading at 2,915.00 USDT (-0.62%) amidst broader market movements. The king of smart contract platforms is holding firm above the 24h low, consolidating just below the MA60 (~2,923.52).

Quick Analysis:

· Price: 2,915.00 USDT | ₹816,112.55

· 24h Range: 2,787.00 - 2,951.21

· Volume & Sentiment: Massive $1.82B in 24h volume underscores strong institutional and retail interest. However, the order book shows notable selling pressure (71.25% Ask), indicating resistance near current levels.

ETH continues to be the backbone of DeFi, NFTs, and the broader Web3 ecosystem. While short-term metrics show consolidation, its long-term adoption narrative remains intact.

Key level to watch: A sustained move above MA60 (~2,923) could signal renewed strength, while holding 2,787 (24h low) is crucial for bullish structure.

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