$ETH price analysis 17 September - Cointelegraph Analytics

ETH turned down from the 20-day EMA at $2,414 on Sept. 15, dropping to the support near $2,300. The downsloping 20-day EMA and RSI in the negative zone favor the bears. If ETH drops and closes below $2,300, the decline could extend to $2,111, potentially resuming the downtrend.

A rally above the moving averages would signal strength, with the ETH/USDT pair possibly climbing to $2,850. Overcoming this resistance is necessary to suggest a trend reversal.

Until then, ETH remains under pressure, with the bears maintaining control unless buyers regain momentum above key levels.