In this Wrapped Beacon ETH technical analysis, we will examine the current price action, trading volume, key levels and indicators for WBETH-USDT. Wrapped Beacon ETH (WBETH) is a decentralized cryptocurrency that leverages the security of the Ethereum blockchain and the power of decentralized finance (DeFi) to provide users with a trustless and transparent way to earn yield on their digital assets. With WBETH, users can participate in a variety of DeFi protocols and earn rewards in the form of Ether, all while maintaining full control over their assets. By utilizing the Wrapped Beacon ETH protocol, users can unlock new opportunities for passive income and diversify their investment portfolios in a secure and decentralized manner.
Wrapped Beacon ETH Price Overview:
As of May 03, 2024, Wrapped Beacon ETH is trading at approximately 3164.73 USDT. Let’s dive into the detailed price action for WBETH-USDT:
| Metric | Value |
|---|---|
| Open (O) | 3099.73 |
| High (H) | 3188.08 |
| Low (L) | 3068.6 |
| Close (C) | 3164.73 |
| Volume (C) | 362.84 |
- Open (O): The opening price for today’s trading session was approximately 3099.73 USDT.
- High (H): Wrapped Beacon ETH reached a daily high of around 3188.08 USDT.
- Low (L): The daily low for WBETH-USDT was approximately 3068.6 USDT.
- Close (C): At the time of analysis, Wrapped Beacon ETH is trading near its daily close of 3164.73 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 2.10% |
| 3D Change (%) | 1.38% |
| 7D Change (%) | -2.43% |
| 30D Change (%) | -7.58% |
| 90D Change (%) | 33.93% |
| YTD Change (%) | 35.40% |
Over the past three days, WBETHUSDT has increased by approximately 1.38%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -2.43%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with WBETHUSDT maintaining a downward trend of approximately -7.58%, despite intermittent fluctuations. Examining the last 90 days, WBETHUSDT has witnessed substantial rise of approximately 33.93%, reflecting strong long-term confidence. Year-to-date, WBETHUSDT has steadily appreciated by around 35.40%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Wrapped Beacon ETH Live Chart:
You can access a live price chart for WBETH-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.48543.
- Momentum score is -0.05559.
WBETH USDT Technical Analysis
Wrapped Beacon ETH Trading Volume:
The trading volume for Wrapped Beacon ETH (WBETH) over the past 24 hours has been insignificant, with approximately 362.84 USDT traded against WBETH. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): WBETH is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Wrapped Beacon ETH is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for WBETH-USDT is currently in the neutral zone, around 46.72211. This suggests that Wrapped Beacon ETH is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Wrapped Beacon ETH (WBETH-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Consider bearish sentiment in Wrapped Beacon ETH (WBETHUSDT) at 3164.73 USDT with technical analysis, showcasing weakened support and cautionary indicators.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.