The ETH/USDT pair is trading at $2,272.45, down 6.19% over the past 24 hours, breaking the previous support level of $2,401.17. The move equals 1.6 times the ATR14, which stands at 3.79%, and does not reach the 2.0 ATR multiple or the 7.58% threshold set for the trigger. The price sits below the 50‑day EMA of $2,410.82 and just above the 200‑day EMA of $2,239.58, indicating bearish pressure within a market regime classified as RANGING. The RSI14 reads 54.1 and the ADX14 is 28.8, suggesting a moderate trend strength. Broad market context shows a Fear & Greed index at 50 (Neutral) and Bitcoin dominance at 59.2%.
The daily range has been $2,266.86 to $2,446.28, with the prior close at $2,424.61. 24‑hour quote volume totals $721.4 million.