Ethereum price stalls below $2,500 as momentum weakens

Ethereum price traded near $2,493 on Sept. 7 after failing to hold above $2,500, while weakening momentum and nearby liquidation clusters kept ETH within a narrow range.

Summary

• Ethereum price traded between $2,475 and $2,537 before returning below the $2,500 level.
• Daily RSI fell to 63.62, showing that bullish momentum has cooled since the August rally.
• The $2,423–$2,475 area forms the nearest support zone across the charts.
• Liquidation data shows notable liquidity around $2,430 below and $2,540–$2,600 above.

According to data from crypto.news, Ethereum (ETH) price was trading near $2,493, within a 24-hour range of approximately $2,473 to $2,533. The daily chart showed ETH down about 0.9%, with sellers appearing after the price reached $2,536.

The pullback followed a sharp rally in August that lifted Ethereum from below $1,900 to above $2,500. ETH has since moved sideways as buyers struggle to extend the breakout and sellers defend the upper end of the new range.

Ethereum price loses momentum below $2,537

The daily Bollinger Bands place Ethereum’s middle band near $2,448, while the upper and lower bands sit around $2,578 and $2,319, respectively. ETH remains above the middle band, keeping the broader daily structure constructive despite the latest decline.

However, the price has repeatedly failed to establish a daily close above the $2,530–$2,550 region. Another rejection from that area would leave ETH exposed to a retest of the Bollinger Band midpoint near $2,448.

The daily relative strength index has fallen to 63.62 from overbought territory reached during the August advance. Its signal average stands higher at 68.23, indicating that momentum is fading even though the RSI remains above the neutral 50 level.

The indicator does not yet confirm a bearish reversal. Still, the lower RSI reading suggests buyers would need a decisive move above $2,537 to restore momentum.

A daily close above that level would bring the upper Bollinger Band near $2,578 into focus. Clearing both barriers could allow Ethereum to test the psychological $2,600 level, where the liquidation data shows another pocket of leveraged positions.

Weak ADX keeps ETH inside a short-term range

Ethereum’s 4-hour chart reinforces the loss of directional momentum. ETH traded around $2,493, almost level with the Supertrend resistance near $2,495.

The Supertrend support line remains well below the market at approximately $2,423. That level has risen steadily since Ethereum’s August breakout, meaning the 4-hour structure has not yet turned bearish despite the price moving below the active resistance line.

The average directional index stood at 15.69. An ADX reading below 20 generally points to a weak trend, which supports the view that Ethereum is consolidating rather than beginning a strong directional move.

Repeated swings between roughly $2,450 and $2,530 also show that neither side has gained control. Buyers have defended pullbacks toward the lower part of this range, but rallies continue to lose strength near $2,500–$2,530.

A break below $2,475 would place the 4-hour Supertrend support at $2,423 in view. The three-day CoinGlass heatmap shows the largest nearby downside liquidity concentration around $2,425–$2,455, increasing the importance of that region.

Losses below $2,423 could expose the round-number support at $2,400, where another visible liquidity band has formed. ETH would need to remain below the Supertrend level for the short-term structure to shift more clearly in favor of sellers.

ETH liquidity sits on both sides of $2,500

The 3-day CoinGlass heatmap chart shows Ethereum positioned between two groups of liquidation liquidity.

The strongest nearby downside band appears around $2,430, followed by another cluster around $2,450–$2,460. On the upside, liquidity is concentrated between approximately $2,520 and $2,550, with additional positions building near $2,600.

These clusters do not guarantee where Ethereum will move. They identify areas where leveraged positions may be forced to close if the price reaches them, which can add speed to an existing move.

Analyst Ted Pillows said most of Ethereum’s nearer upside liquidity had already been cleared, leaving a smaller cluster around $2,600. He also identified much larger long-position liquidity between $1,800 and $2,200, although such distant levels are not part of ETH’s immediate trading range.

Separately, Ali Martinez identified $2,475 as an important on-chain support zone. Citing Glassnode data, Martinez said approximately 2.86 million ETH previously changed hands around that price.

Martinez placed the next possible upside objective near $2,722 if the support holds. He also identified heavy supply between $2,723 and $2,822, where more than 10 million ETH had previously moved, potentially creating resistance if Ethereum reaches that region.

Ethereum must reclaim $2,537 to extend its rally

Ethereum’s immediate outlook depends on whether it can defend $2,475 and break through the resistance concentrated between $2,530 and $2,578.

A confirmed move above $2,578 would clear the daily upper Bollinger Band and open a path toward $2,600. A sustained breakout beyond that point could shift attention toward Martinez’s $2,722 target and the broader $2,723–$2,822 supply zone.

The bearish scenario begins with a daily break below $2,475. Such a move could draw ETH toward $2,448, followed by the 4-hour Supertrend and liquidation cluster around $2,423–$2,430.

US traders will also be watching the Federal Reserve’s Sept. 15–16 policy meeting, which includes updated economic projections and a press conference, according to the central bank’s calendar. Changing rate expectations could influence crypto risk appetite ahead of Ethereum’s next technical break.

US spot Ethereum ETFs provide a mixed institutional backdrop rather than a clear outflow trend. Farside Investors recorded a $48.2 million net outflow on Sept. 2, followed by inflows of $141.4 million and $25.9 million over the next two sessions.

For now, low 4-hour ADX and cooling daily RSI favor continued consolidation. The next stronger move is likely to depend on whether ETH first loses $2,475 or clears the $2,537–$2,578 resistance zone.