Ethereum posted a 3.51% decline over the past 24 hours, trading at 2,606.64 USDT. The move equals 1.2 times the 14‑day average true range of 3.0% and stayed below the 2.0 ATR (6%) threshold. The breakdown occurred beneath the previous support level of 2,650.85 USDT.
Technically, the 14‑period RSI sits at 59.7, suggesting moderate upward pressure, while the 14‑period ADX is at 41.4, indicating a strong trend. The 50‑day and 200‑day EMAs are at 2,500.89 and 2,242.52 USDT respectively, and the regime remains classified as BULL.
Market context shows a fear‑greed index of 71 labeled "Greed" and Bitcoin dominance at 58.8%. These metrics point to a risk‑on environment that may affect Ethereum’s price trajectory.