On September 9, 2024, Ethereum's price hovered at $2,309 as it struggled to break free from a strong downtrend. This has been observed across multiple timeframes, suggesting persistent downward pressure.
The market reflects uncertainty, with oscillators showing mixed signals. Some indicators suggest potential for recovery, while others remain neutral, contributing to a cautious outlook.
Moving averages signal a bearish trend, emphasizing the challenges Ethereum faces in upward movement. Despite signs of accumulation near current support levels, the broader market environment demands caution from investors.
