The current price of ETH/USDT is $1,792.06, with a slight increase of 0.96% in the last 24 hours. The short-term EMA (7/25) shows an upward trend, but the long-term EMA (99) is as high as $2,180.49, reflecting ongoing long-term pressure. The 24-hour fluctuation range is $1,738.60 - $1,827.32, with a trading volume of 1.081 billion USDT, indicating high market activity. The sell orders account for 70.22% of the total, showing significant short-term selling pressure, but the price remains stable above the short-term moving average. Technical indicators are not in overbought or oversold territory; further data is needed to confirm trends for MACD, RSI, etc. There may be a rebound opportunity in the short term, but long-term downside risks remain. It is recommended to pay attention to the support at $1,740 and resistance at $1,830, and to operate with caution.