Ethereum (ETH/USDT) is trading at 2,123.29, down 4.92% from the previous close of 2,240.24. The price slipped beneath the support level of 2,174.08, a move equal to 1.2 times the 14‑day average true range of 4.14%.
Technical indicators show a 14‑period RSI of 39.6, reflecting bearish pressure without reaching extreme oversold levels. The 14‑period ADX reads 23.1, indicating a weak trend. Both the 50‑day and 200‑day EMAs sit at 2,391.38 and 2,236.64, respectively, remaining above the current price and supporting a ranging outlook.
Market context reveals a fear/greed index of 28 (labelled "Fear") and Bitcoin dominance at 60.0%. The 24‑hour quote volume totals 289.9 million dollars, suggesting moderate activity during the pullback.