Ethereum Faces Major Resistance: Will ETH Break Through?
On September 9, 2024, Ethereum trades at $2,309, struggling to break free from a strong downtrend across multiple timeframes.
The price fluctuates between $2,240 and $2,338, showing consolidation and indecision among traders. Volume spikes have not been sustained, and despite mild recovery from a low of $2,149, bullish momentum remains weak.
Technical indicators present mixed signals, with the RSI neutral at 37, while the MACD and moving averages continue to indicate bearish momentum. Traders are cautious, awaiting a breakout above $2,350 or a potential decline if the price falls below $2,300.
Clever Robot News Desk 10th September 2024
