### Technical Analysis Report for $ETH /USDT

The current price of ETH/USDT is 2,274.31 USDT, reflecting a decline of 6.16% over the past 24 hours. Ethereum reached a high of 2,427.89 USDT and a low of 2,260.25 USDT during this period. The recent price action indicates a bearish trend, with significant selling pressure pushing the price down from the recent high.

Trading volume has been robust, with 217,688.17 ETH traded in the last 24 hours alongside a USDT volume of 511.35 million. This high level of trading activity suggests strong market participation, which can contribute to increased volatility. Traders should remain vigilant as the market reacts to various factors influencing price movements.

Key support is identified at 2,260.25 USDT, which has been recently tested. If the price holds above this level, it may present a potential buying opportunity for those looking to capitalize on a reversal. Conversely, failure to maintain this support could lead to further declines. Resistance is observed at the recent high of 2,430.32 USDT, where the price has struggled to gain traction.

In summary, while the short-term outlook appears bearish, the support level at 2,260.25 USDT is crucial to watch for signs of a potential rebound. Traders should keep an eye on market sentiment and volume trends to make informed decisions. As always, thorough research and analysis are essential for navigating the volatile cryptocurrency market effectively.

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