The $ETH /USDT pair is currently facing bearish pressure, with the price plunging to 2,596.50 USDT, a decline of 1.89% in the past 24 hours. The 24-hour low was marked at 2,586.00 USDT, signaling that ETH has tested crucial support levels. With the next immediate resistance at 2,604.40 USDT and a high of 2,647.10 USDT, traders should stay alert to potential downward moves if support breaks. A rebound could provide short-term recovery opportunities, but caution is advised as the bearish trend may intensify further. Watch closely for key reversal signals.
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