Ethereum has dropped approximately 10% over the past week, falling toward $2,420 after repeatedly failing to clear the resistance zone between $2,680 and $2,770. The daily RSI has declined to around 44, signaling weakening momentum, while the 4-hour RSI sits near 26, indicating oversold conditions in the short term. The support zone between $2,360 and $2,420 represents the next key level to defend in order to maintain the broader bullish recovery structure. A sustained breakdown would potentially expose the moving averages around $2,130 to $2,210.
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