Ethereum (ETH/USDT) is trading at 2,347.58 after slipping below the prior support level of 2,357.64. The decline amounts to 0.7 times the 14‑day average true range (ATR 3.96%). Over the past 24 hours the asset has lost 2.58%, sitting under its previous daily close of 2,387.6. The 14‑period RSI reads 38.5, showing bearish pressure, while the 14‑period ADX stands at 27.4, indicating a moderate trend. The 50‑day and 200‑day EMAs are at 2,474.48 and 2,246.03 respectively, keeping price within a long‑term bullish regime. The market regime remains BULL. Trading volume in the last 24 hours totals 373.8 million USD, with an intraday high of 2,416.81 and low of 2,329.08. The broader market shows a neutral fear‑greed index at 51 and Bitcoin dominance at 59.5%, factors that could constrain short‑term upside for Ethereum.
Ethereum breaks support and slides 0.7 ATR
Ethereum fell below its 2,357.64 support, moving 0.7 times its daily range as RSI shows bearish pressure.
Neuralis Cap article
Data: Neuralis Cap (Binance daily candles, Alternative.me Fear & Greed, CoinGecko BTC dominance)
Market impact
If the price stays below 2,357.64, it may look for support near the 200‑day EMA (2,246.03) or the 24‑hour range, whereas a bounce above the broken level would reopen the path toward the prior resistance at 2,405.98. The neutral fear‑greed environment and strong Bitcoin dominance could limit any immediate recovery.
Neuralis Cap analysis for informational purposes only. It does not constitute investment advice.
Article written by Neuralis Cap with AI assistance solely from the data and primary sources listed. It does not constitute investment advice.
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