$ETH #GateSpringFestivalHorseRacingEvent ETH/USDT, here is a technical analysis:
1. Current Price Action & Trend
· Current Price: ~$2,011.96
· 24h Change: -1.02% (bearish short-term momentum)
· 24h Range: $1,996.00 – $2,147.60
· The price is currently trading below the Bollinger Band midline ($2,073.83), indicating bearish pressure.
2. Bollinger Bands (20,2) Analysis
· Midline (BOLL): $2,073.83
· Upper Band (UB): $2,150.69
· Lower Band (LB): $1,996.97
· Price Position: Currently near the lower band, suggesting oversold conditions in the very short term.
· Band Width: The distance between UB a