Ethereum (ETH)

$ETH is sending bearish signals by trading below the 50-day and 200-day EMAs.

A move back to $2,500 would support a move towards the $2,664 resistance level. Furthermore, a move above the $2,664 resistance level could see the bulls push towards the $2,800 level.

Furthermore, a drop from the $2,403 support level could signal a drop towards the $2,124 support area.

The 14-day RSI of 45.39 suggests that#ETHdropped to the $2,124 support level before entering the oversold zone