$ETH /USDT – Trading in Tight Range with Bearish Bias

Ethereum is hovering at $1,793.99 (-0.46%), consolidating below key resistance as bearish momentum persists. Over the past 24 hours, ETH hit a high of $1,816.80 and a low of $1,731.70, reflecting limited volatility. Volume remains strong with 470,659.71 ETH traded, equivalent to $838.38M USDT, suggesting active participation despite price stagnation. Depth data shows resistance building near $1,848.56–$1,824.07, with support around $1,775.10–$1,750.62, indicating potential for a breakdown if bulls fail to reclaim the $1,800+ zone. Short-term traders should watch the $1,799.59 level for intraday pivot action. Caution is advised as ETH leans towards testing $1,726 again if pressure continues.