Ethereum (ETH) Price Analysis

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

ETH’s rise above the $2,403 resistance level would support a return to $2,500. Furthermore, a breakout from the $2,403 resistance level could give the bulls a run at the $2,664 resistance level.

Furthermore, #ETH’s decline below the September 4 low of $2,311 could signal a drop to the $2,124 support level.

The 14-day RSI of 36.73 suggests that $ETH is likely to drop to the $2,124 support level before entering the oversold zone