$ETH

The sloping 20-day EMA and the relative strength index (RSI) in the negative zone indicate that bears have an upper hand. If the price continues lower and closes below $2,300, the decline could extend to $2,111. A break and close below this support could signal the resumption of the downtrend.

The first sign of strength will be a rally above the moving averages. The ETH/USDT pair could then rally to the breakout level of $2,850. Buyers will have to overcome this resistance to suggest a trend change.