$ETH ### ETH/USDT Market Analysis

The current ETH/USDT price is 2,529.86 USDT, with a 24-hour decline of 8.20%, and a trading volume of 3.279 billion USDT, indicating significant market selling pressure. The price range is between 2,436.98 and 2,773.21 USDT, with the SAR indicator resistance at 3,673.22 USDT. The MACD indicator shows that DIF (46.17) is well below DEA (162.58), and the MACD histogram is -116.40, indicating a strong short-term downtrend with insufficient rebound momentum.

In terms of capital flow, the highest inflow proportions are seen in the 15-minute and 30-minute periods (34.45% and 31.08%), but the net inflow of large orders is -84,587.65 ETH, with medium and small orders also showing net outflows, resulting in a total net outflow of 147,067.62 ETH, reflecting the continuous withdrawal of main capital. The 5-day net inflow of main capital is -30,193.44 ETH, further confirming the bearish market sentiment.

In summary, ETH may continue its downtrend in the short term, with particular attention needed on the support level of 2,436.98 USDT. If it breaks below this level, it may test the psychological barrier of 2,000 USDT; if it stabilizes, it may rebound to test the resistance at 2,773.21 USDT. Investors should remain cautious and wait for clearer market signals or signs of improved capital inflow.