Ethereum price holds $2,400 as RSI stays bearish

Ethereum price recovered above $2,400 on Sept. 3 after falling to $2,370, but weakening short-term momentum and nearby liquidation clusters leave the breakout vulnerable. Summary Ethereum price recovered to about $2,408 after falling as low as $2,370 during the daily session. The 4-hour RSI stands at 43.86, while ETH remains below the Bollinger Bands’ $2,430 midpoint. Positive daily CMF and a bullish moving-average crossover show that the wider recovery remains intact. A daily or weekly close below $2,350 could expose the $2,200 support zone. According to data from crypto.news, Ethereum (ETH) price traded around $2,408 at the time of writing, up 0.66% during the current daily session after opening near $2,392. The token moved between an intraday low of $2,370 and a high of $2,419. The rebound returned ETH above the closely watched $2,400 level, but the token remains below the $2,438 Fibonacci retracement area and the $2,500–$2,550 resistance zone. Sellers have repeatedly defended the upper region since Ethereum’s late-August rally stalled near $2,550. Wider risk sentiment also remains fragile. Renewed fighting between the United States and Iran pushed Brent crude to a six-week high...