Data compiled by Woofun AI shows that the ETH/USDT trading pair has breached the $1,700 support level, currently settling at $1,699.46. This price action coincides with a 24-hour depreciation of 3.81%, highlighting immediate downward pressure on the asset.

This retreat below the psychological barrier suggests heightened volatility for ETH, as traders react to the sustained sell-off over the past day.