$6B USDT Inflows Spark Altcoin Surge
USDT Market Activity: Tether has issued $6 billion in USDT over the past 20 days, increasing its market capitalization to $150 billion and indicating a significant liquidity boost in the crypto market.
Shift in Crypto Dominance: Bitcoin's dominance is declining while Ethereum's is rising, suggesting a capital rotation towards Ethereum and altcoins, potentially signaling the start of an alt-season as new USDT inflows target smaller, high-growth assets.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH) As of , Ethereum (ETH) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1025.259 | 1386.53 | 1753.439 | 2114.71 | 2481.619 | 2842.89 | 3209.799 |
| Fibonacci | 1386.53 | 1664.694 | 1836.545 | 2114.71 | 2392.874 | 2564.725 | 2842.89 |
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