On the 15-minute $ETH USDT Perpetual chart, price moved up and touched the 1,980 level, showing strong buyer interest at first. But that strength did not last long. Sellers came in quickly and pushed the market down to around 1,921.
That drop was sharp and sudden.
After hitting the low, the market slowly started to breathe again. Small green candles began to form, showing that buyers were trying to regain control. Then a quick upward move followed, bringing the price back near 1,948 where it is now trading.
In the last 24 hours:
High reached: 1,980
Low touched: 1,905
ETH trading volume: 4.42 Million
USDT volume: 8.60 Billion
Short term movement today is slightly positive. But when we zoom out, the bigger trend still shows weakness. In the last 30 days, Ethereum is down by almost 35 percent. Over 90 days, the market has dropped nearly 30 percent. In 180 days, the fall becomes even deeper at around 59 percent.
This clearly shows that while buyers are trying to step in for a short term recovery, the overall market is still under pressure.
Now this price zone becomes very important.
If buyers keep pushing, Ethereum may try to move back toward the 1,980 area again. But if selling pressure returns, we could see the market test lower support levels once more.
For now, the market is balancing between recovery and hesitation.If you want, I can make this more exciting or more calm.
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