$ETH reports $2,497, down 2.62% in 24 hours, once again left miles behind Bitcoin. The intraday high-low spread was $171, and the full 6.85% daily range has already played out. The 2,470 level is now the line in the sand for bulls and bears; another drop to the round-number 2,400 mark would be dangerous. 24-hour trading volume was $9.8 billion, with 4.15 million trades and an average of $2,360 per trade. Institutional orders haven’t entered the market, while the Fear & Greed Index is still stuck in greed territory. Holding 2,470 could mean more sideways action; if it breaks, watch 2,400 as a potential buying level.

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