$ETH Ethereum Analysis
#Ethereumconfirmed bearish signals by remaining well below the 50 and 200-day EMAs.
A breakout above the $2,664 resistance level would support a move towards the $2,800 level. Furthermore, a breakout from $2,800 could lead to a run towards the $3,033 resistance level, where selling pressure could intensify.
Conversely, a drop below $2,500 could bring the $2,403 support level into play.
The 14-day RSI value of 38.89 suggests that#ETHcould fall to the $2,403 support level before entering the oversold zone
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