The Ethereum (ETH) price is showing signs of weakness as technical indicators suggest a potential downturn. The altcoin's Super Trend indicator reflects weak price action, with the red line above Ethereum's price, confirming a potential downward trend. The setup of ETH's MACD indicator also supports this bearish outlook, with the MACD line below the signal line and zero line. If buying pressure weakens, Ethereum's price could drop 13% to its August 5 low of $2,112, while a surge in demand could propel the coin to test resistance at $2,508. Breaking through this level could set the next target at the Super Trend line resistance of $2,740, with strong momentum potentially pushing Ethereum towards $2,869.



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