Ethereum (ETH) Price Analysis

#Ethereum(ETH) has confirmed its bearish price trends by trading well below the 50-day and 200-day EMAs.

A breakout of the $2,403 resistance level could signal a move towards the $2,500 level. Furthermore, a break above $2,500 could give the bulls a run at the $2,664 resistance level.

Furthermore, a drop below the $2,150 low from September 6 and the $2,124 support level could signal a $ETH drop to $2,000.

The 14-day RSI of 41.77 suggests that#ETHcould drop below the $2,124 support level before entering the oversold zone.

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