#ETH/USDT⚡️⚡️ #ETH/USDT #eth/usd*ETH/USDT Market Analysis*

*Current Price:* $2,532.50

*24-hour Price Change:* -1.35%

*24-hour Trading Volume:* $1.33 billion

*Market Capitalization:* $245.6 billion

*Circulating Supply:* 120.2 million ETH

*Technical Analysis:*

- *Trend:* Bearish

- *Resistance:* $2,750

- *Support:* $2,390

- *RSI (14):* 43.61 (neutral)

- *MACD (12, 26):* Bearish crossover

- *Bollinger Bands:* Price is near the lower band

*On-Chain Analysis:*

- *Network Activity:* High

- *Transaction Count:* 1.23 million (24-hour)

- *Active Addresses:* 450,000 (24-hour)

- *Total Value Locked (TVL) in DeFi:* $73.2 billion

*Fundamental Analysis:*

- *Adoption:* Increasing use of Ethereum in DeFi, NFTs, and gaming

- *Development:* Ongoing upgrades (Shanghai, Cancun) to improve scalability and usability

- *Competition:* Growing competition from other layer 1 blockchains (e.g., Solana, Avalanche)

*Market Sentiment:*

- *Fear & Greed Index:* 42 (fear)

- *Social Media Sentiment:* Neutral

- *Investor Sentiment:* Cautious optimism

*Conclusion:*

ETH/USDT is experiencing a bearish trend, with a decrease in price and trading volume. Technical indicators suggest a neutral to bearish sentiment, while on-chain analysis shows strong network activity. Fundamental analysis highlights increasing adoption and ongoing development, but also growing competition. Market sentiment is cautious, with a fear-dominated fear & greed index.