Early this morning, the crypto market continued its correction trend. ETH/USDT broke below the $1900 psychological level, with a low of $1896.38, down more than 6.5% in 24 hours. Bitcoin also lost the $65,000 level, and the overall market sentiment remains risk-averse.

Technical signals are becoming cautious. On the daily chart, ETH remains below the 20-day exponential moving average (around $2,045). Although it rebounded to $2,148 last Monday, it was clearly rejected. The daily Relative Strength Index (RSI) has fallen back to 39, indicating weakening downside momentum but not yet turning bullish. In the short term, $2,108 (the intersection of the 20-day EMA and horizontal resistance) is a key resistance level. A close above this level is needed to weaken the current bearish bias. On the downside, initial support is at $1,741, followed by the $1,524 zone. Market sentiment has also worsened, with the cryptocurrency Fear and Greed Index dropping to 13, indicating "Extreme Fear."
Key Points
Price Performance: ETH broke below $1900, with a 24-hour decline of over 6.5%.
Technical Key Levels: Resistance at $2,108, support at $1,741-$1,524.
Sentiment Indicator: Fear index at 13, back in Extreme Fear.