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…
