$ETH /USDT – Bearish Retracement in Play
ETH is currently trading at $1,642.17, showing a 2.08% decline. The 24-hour high is $1,689.59, with a low of $1,606.01. Volume in ETH stands at 493,098, and in USDT, it's 808.65M. The price is consolidating within a key range, with strong support around $1,615.35 and resistance near $1,653.71. The market's depth shows a slight downward trend, suggesting potential further retracement if the $1,615.35 support breaks. Traders should look for a potential rebound from support or consider shorting if resistance holds. Keep an eye on the breakout confirmation at $1,653.71 for a shift in momentum.