Ethereum ETH Analysis 👇

Ethereum (ETH) confirmed bearish price signals by trading below the 50-day and 200-day EMAs.

#ETH’s breakout from the $2,664 resistance level would support a move towards $2,800. A return to $2,800 could see the bulls run at the 50-day EMA.

Furthermore, a $ETH drop below the $2,403 support level could give the bears a run at the $2,124 support level.

The 14-day RSI of 40.17 suggests a breakout below the $2,403 support level before entering the oversold zone.

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