As of around 16:00 today, the ETH/USDT price has fallen below the $3000 mark, with the latest quote ranging between 2,959 and 2,976 USDT.



• 24-hour decline of approximately 4.25%–6.98%, a drop of over 200 points from yesterday's high near 3,200 USDT.

• Intraday low touched 2,914.01 USDT, with a high of 3,130.08 USDT.

2. Market Trend Characteristics

• Key Break: The price broke below the psychological level of $3000, and the daily chart broke below the trendline, indicating a clear short-term weakness.

• Support and Resistance: The current core support zone is between 2,880 and 2,920 USDT. If broken, it may drop to 2,800 USDT; the resistance level is at the 3,000 USDT integer mark.

• Market Sentiment: The contract order book shows that short positions are dominant (about 87.33%), and funds are leaning towards bearishness.

3. Related Impacts

• In the same period, the Ethereum Futures ETF (EETH) in the US stock market also declined by 8.83%, reflecting a bearish sentiment towards ETH globally.

• Mainstream cryptocurrencies are generally weakening, with tokens like BNB and Solana also falling, indicating a reduced overall market risk appetite.
ETH2,86%
BNB0,1%
SOL3,61%
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