Ethereum price targets $2,550 if key EMA holds

Ethereum price fell below $2,400 on Sept. 2 as renewed fighting between the United States and Iran pushed oil and Treasury yields higher, weakening demand for risk assets. Summary Ethereum price dropped to an intraday low of $2,356 after failing to clear resistance near $2,550. About $94.2 million in ETH futures positions were liquidated over 24 hours, CoinGlass data showed. The daily RSI fell to 59.46, while 4-hour momentum indicators moved deeper into negative territory. Support near $2,300 could determine whether ETH stabilizes or extends its decline toward $2,200. Ethereum price drops below $2,400 According to data from crypto.news, Ethereum (ETH) price traded near $2,372 at the time of writing, down about 1.9% on the day after reaching an intraday low of $2,356. The latest decline extended a pullback from the Aug. 27–28 highs near $2,510. ETH has now lost about 5.5% from the upper end of that range. Sellers also pushed the token through the $2,400 psychological level, which had limited several declines during the previous two weeks. The 4-hour chart shows that Ethereum formed a series of lower highs after its final attempt to regain $2,500 on Aug. 31. Selling accelerated on Se...