Daily News 19

Tag: Ethereum price analysis

  • Ethereum Price Loses $2,500 Level as MACD Turns Bearish

    Ethereum Price Loses $2,500 Level as MACD Turns Bearish

    Ethereum Price Drops Below $2,500 After Failed Breakout Above $2,600

    Ethereum (ETH) traded near $2,475 on September 15 after declining approximately 2% over the previous 24 hours, according to data from crypto.news. The pullback followed a sharp rejection above the $2,600 resistance level, where buyers failed to sustain a breakout.

    Daily Price Action and Key Levels

    The daily chart shows ETH opening at $2,515.72 before ranging between $2,465.60 and $2,520 during the latest session. The token was down 1.65% at the time of writing. Price action remains volatile after ETH briefly climbed above $2,600 during the prior session and quickly surrendered the entire move. The reversal pushed the asset below the $2,500 psychological level and back into the consolidation range that has controlled trading since late August.

    Analyst Views: Pre-Event Positioning Ahead of Fed and CLARITY Act

    Crypto trader Daan Crypto Trades described the move as pre-positioning ahead of two major U.S. catalysts: the Senate’s CLARITY Act vote and the Federal Open Market Committee (FOMC) meeting. According to the analyst, the initial rally removed leveraged short positions before the subsequent decline forced out traders positioned long.

    The pattern shows traders reducing risk before events that could affect both monetary policy and U.S. digital-asset regulation. Failure to advance the bill could produce another move lower before attention shifts to the Fed decision, Daan added.

    Technical Analysis: Weak Momentum on 4-Hour and Daily Charts

    4-Hour Chart: Price Near Lower Bollinger Band

    On the 4-hour chart, ETH has moved below the Bollinger Band midpoint at $2,509.64. The lower band stands at $2,469.41, placing the current price close to its first immediate volatility support. A break below that band would expose the recent intraday lows and the $2,450 area. Buyers would need to recover the midpoint before attempting another move toward the upper Bollinger Band at $2,549.86.

    The Average Directional Index (ADX) sits at 17.73. Readings below 20 normally indicate that the prevailing trend lacks strength, suggesting ETH could remain range-bound even as short-term swings become sharper.

    Daily Indicators: Fading Momentum

    Daily indicators also show fading momentum. The Relative Strength Index (RSI) has dropped to 56.89 from its recent highs and sits below its moving average of 62.14. ETH is not oversold, leaving room for further downside if sellers retain control.

    The daily MACD line remains positive at 72.86 but has fallen below the signal line at 90.93. The histogram has turned negative at -18.07, signaling that the momentum behind the August rally is weakening.

    Liquidation Clusters Frame Potential Volatility Zones

    CoinGlass’s one-week liquidation heatmap shows a concentration of leveraged positions immediately below the market around $2,450–$2,470. ETH’s decline toward that area increases the chance of further volatility if price moves through the cluster.

    A stronger pocket of downside liquidity appears around $2,390–$2,410. Failure to hold the current range could draw price toward that zone, particularly if leveraged long positions are forced to close.

    Liquidity also sits above ETH around $2,535–$2,580, followed by brighter concentrations near $2,630 and $2,650. A recovery above $2,550 could therefore trigger short liquidations and support another attempt at $2,600. The heatmap does not establish the direction of the next move; it identifies areas where forced position closures could accelerate volatility after ETH reaches those levels.

    Broader Fibonacci Levels

    On the broader daily chart, the 0.786 Fibonacci retracement at $2,253.61 remains the main structural support. The next major upside Fibonacci level stands at $2,833.75, but ETH must first overcome the nearer resistance between $2,550 and $2,600.

    Analyst Identifies $2,550 as Key Weekly Resistance

    Crypto analyst Ted Pillows said ETH’s upside would remain capped until the asset reclaims $2,550 on the weekly timeframe. His chart places the first major support near $2,175 and the next resistance around $2,860 if buyers establish a weekly close above the current ceiling.

    $ETH broke above the $2,600 again before reversing all the gains.Until Ethereum reclaims the $2,550 level on the weekly timeframe, the upside will be capped.

    The immediate structure provides closer levels for short-term traders. A move above $2,510 would return ETH to the middle of its 4-hour Bollinger range, while a break through $2,550 would weaken the current bearish setup. A close below $2,465 would place the $2,450 liquidity area at risk. If sellers clear that zone, $2,400 becomes the next visible target before the larger daily support at $2,254.

    Macro Catalysts: Fed Rate Decision and CLARITY Act Vote Keep Traders Cautious

    U.S. macro conditions could determine whether ETH holds its current support. Oil prices climbed above $107 per barrel while the 10-year Treasury yield moved above 5%, increasing concerns that higher energy costs could keep inflation elevated.

    CME FedWatch data showed markets assigning a probability above 90% to a 25-basis-point rate increase at the Fed’s September 16 meeting, according to Reuters. Higher Treasury yields can reduce demand for risk assets by giving U.S. investors access to stronger returns in traditional fixed-income markets.

    The Senate’s procedural vote on the CLARITY Act adds a separate regulatory catalyst. Until both events are resolved, ETH may remain vulnerable to sharp moves through nearby liquidation zones.

  • Analyst Flags Ethereum Breakout Setup With $15K Target

    Analyst Flags Ethereum Breakout Setup With $15K Target

    Ethereum ($ETH) is retesting a critical resistance line that has only been touched twice before—in 2021 and again around 2025. According to trader Crypto Patel, this third test represents the “biggest breakout setup yet” for the cryptocurrency.

    In a chart shared Friday, Patel outlined a potential path toward $5,000, then $10,000, and ultimately $15,000 if the resistance breaks. At the time of the analysis, $ETH was trading near $2,500—still less than half its all-time high.

    The Chart Behind the $15K Call

    “$ETH is retesting a multi-year resistance zone for the 3rd time after holding its long-term accumulation support,” stated Patel as he shared a chart tracing a descending trendline from 2018 to 2021, marked by three lower highs before ETH broke out into that year’s rally.

    The same horizontal resistance capped the price at the 2021 peak and again near 2025, with the current test drawn as the third touch of that line. Below it, a wide band the analyst called the “Best Accumulation Zone” has caught every major pullback since, with a rising trendline running through it that ETH is still sitting just above—around $2,460 on the chart’s own reading.

    The target ladder is more granular than the $5K, $10K, $15K shorthand in Patel’s caption suggests. The chart itself marks $3,270 and $4,892 as the first two levels, with $5,500 also flagged, before the path opens toward $10,000 and then $15,000.

    Current Market Context

    At the time of writing, spot ETH had changed little in 24 hours but was down about 1% on the week and roughly 44% below where it traded a year ago. Over one month, however, the asset showed gains of 31%—although even that jump kept it 50% below its August 2025 all-time high.

    Trading volume jumped close to 28% in the past 24 hours to near $16.3 billion, a sign of fresh activity around the level Patel is watching.

    Experts Split Between Breakout and Pullback

    Analyst NoName, posting on Thursday, offered a different perspective, noting that ETH had just finished a Wave 3 impulsive move and writing that “the next phase of the structure should be a Wave 4 correction.”

    They pointed to $2,324 as the first support to watch, with a bounce toward $2,784 to $2,966 possible if buyers defend it, or a drop to the $2,112 to $2,222 zone if it fails. Only a daily close under $2,050 would scrap the setup entirely.

    Several other market watchers have also been keeping an eye on the $2,500 to $2,550 area, with some expecting a move toward $3,000 after a strong weekly close above resistance and others anticipating a retreat toward $2,000 first.

  • Bitcoin, Ethereum, XRP Price Predictions Today: Why Crypto Is Falling

    Bitcoin, Ethereum, XRP Price Predictions Today: Why Crypto Is Falling

    Crypto Market Pulls Back: Bitcoin, Ethereum, and XRP Technical Analysis Amid Treasury Buybacks

    The global cryptocurrency market capitalization declined to $2.75 trillion, marking a 1.2% drop over the past 24 hours, with trading volume reaching $95.24 billion. Major assets retreated across the board: Bitcoin slipped to $78,218.90, Ethereum eased to $2,470.18, and XRP fell to $1.39.

    Bitcoin: Cooling Off, Not Breaking Down

    Bitcoin remains trapped in a resistance zone between $80,000 and $82,000, while support holds firm between $73,000 and $75,000. Chart analysts indicate the pullback follows an overbought signal on the 3-day RSI, combined with a confirmed bearish divergence that emerged roughly a week ago after Bitcoin’s recent short squeeze. Together, these signals point to further consolidation or a mild pullback rather than a sharp reversal.

    Liquidation data highlights the more immediate level to watch between $77,200 and $77,400, with additional liquidity below that near $76,100. A dip toward the $76,000–$77,000 range remains a plausible near-term scenario, even as the broader multi-year trend stays intact.

    Ethereum: Still Structurally Bullish Despite the Dip

    In the near term, Ethereum faces resistance around $2,520 to $2,530, a level that has rejected price multiple times in recent weeks. The analyst noted that repeated tests of resistance without a sharp rejection tend to weaken that resistance over time, increasing the odds of an eventual breakout. However, a potential bearish divergence remains a risk if Ethereum’s RSI fails to clear its prior high during any breakout attempt.

    XRP: Holding Key Support Amid Sideways Action

    XRP continues to defend a critical support zone between $1.30 and $1.40 on the weekly chart, with the token trading sideways in the shorter term. Immediate support sits near $1.34 to $1.35, while resistance lies at $1.46 to $1.47. Because Bitcoin dominance has pulled back slightly, altcoins including XRP may hold up better than Bitcoin during this cooling-off period rather than falling in lockstep.

    Treasury Buybacks Add a Macro Layer

    Away from the charts, the U.S. Treasury bought back $12.5 billion in short-term debt today and is expected to repurchase up to $6 billion in long-term bonds tomorrow—triple the usual size. The moves are aimed at managing bond market liquidity and containing yields, a dynamic that continues to factor into broader risk asset sentiment alongside crypto’s technical setup.

  • Ethereum Price Analysis: Nine-Day ETF Inflow Streak Keeps ETH Near $2,500

    Ethereum Price Analysis: Nine-Day ETF Inflow Streak Keeps ETH Near $2,500

    Ethereum is trading near $2,500 as institutional demand continues to support the market despite a short-term price decline. Nine consecutive days of Ethereum ETF inflows have kept buying pressure intact, while the token’s weakening on-chain activity creates a notable divergence for traders to monitor.

    Key Takeaways

    • Ethereum is trading near $2,500 after falling 3.60% in 24 hours, with nine consecutive days of ETF inflows providing support.
    • Spot Bitcoin ETFs recorded a $202 million outflow on August 28, ending their own nine-day inflow streak, while spot Ethereum ETFs attracted $102 million, according to SoSoValue.
    • ETH recently moved above its average on-chain cost basis of $2,306, giving holders an opportunity to lock in profits.
    • The Spent Output Profit Ratio (SOPR) has remained above 1 for the past week, indicating that sellers are generally realizing gains.
    • Transaction counts and active addresses have declined even as Ethereum’s price has held firm, creating a divergence that could limit momentum.

    Institutional Demand Supports Ethereum Near $2,500

    Institutional demand, rather than a sudden increase in retail buying, is helping keep Ethereum anchored near $2,500. Nine straight days of ETF inflows have offset short-term profit-taking and provided ETH with a degree of price support despite its negative 24-hour performance.

    Ethereum ETFs Record a Nine-Day Inflow Streak

    Ethereum climbed above $2,400 during a strong August rally before pulling back as traders began taking profits. Even after that decline, ETH has remained close to $2,500, with sustained ETF inflows offering the clearest explanation for its resilience.

    Consistent institutional buying can reduce the volatility typically associated with retail-led sell-offs. The latest Ethereum price action suggests that effect may be playing a role in limiting the downside.

    Bitcoin and Ethereum ETF Flows Diverge

    The difference between Bitcoin and Ethereum ETF flows on August 28 was significant. SoSoValue data showed that U.S. spot Bitcoin ETFs recorded a $202 million net outflow, ending their own nine-day inflow streak. Spot Ethereum ETFs moved in the opposite direction, attracting $102 million in net inflows on the same day.

    The contrast suggests that institutional demand may be rotating toward Ethereum, at least temporarily, while Bitcoin funds experience a pause.

    Profit-Taking Adds Short-Term Pressure

    Ethereum’s retreat after trading above $2,400 appears consistent with profit-taking following the August rally. On-chain data supports that interpretation, although it does not rule out additional short-term weakness.

    ETH Moves Above Its Average On-Chain Cost Basis

    ETH recently moved above the average on-chain cost basis of $2,306. This level is important because it marks the point at which many holders move from unrealized losses into profit.

    When Ethereum trades above that threshold, some investors may sell to secure gains. That selling can create short-term resistance even when the broader trend remains constructive.

    SOPR Shows Sellers Are Realizing Gains

    Ethereum’s Spent Output Profit Ratio, or SOPR, remained above 1 during the past week. The reading indicates that coins moved on-chain were generally sold at a profit rather than at a loss.

    A SOPR reading above 1 does not guarantee that selling will increase, but it confirms that many holders have an incentive to cash out. That helps explain Ethereum’s recent retracement.

    Ethereum Price Falls 3.60% in 24 Hours

    Ethereum is trading near $2,420.48 after falling 3.60% over 24 hours, according to the latest data. The decline follows a powerful August rally that pushed the token above $2,400 for the first time in months.

    Profit-taking after a strong rally is not unusual and, by itself, does not confirm that the broader uptrend has ended. However, ETH may need renewed buying demand to reclaim and hold above $2,500.

    Weakening Network Activity Raises a Caution Flag

    Ethereum’s price has risen faster than the network activity supporting it, creating one of the market’s most important warning signs. Rallies that are not accompanied by increasing usage can be more fragile than those driven by stronger demand for blockspace.

    Transaction Counts and Active Addresses Decline

    Transaction counts and active addresses both fell over the past week, even as ETH remained near multi-month highs. Strong rallies are often accompanied by growing network participation, but that confirmation has not yet appeared in Ethereum’s latest data.

    The decline does not eliminate the bullish case. Markets can move ahead of fundamentals, but Ethereum’s momentum could stall unless network usage begins to recover.

    Derivatives Markets Show Cautious Positioning

    Ethereum’s derivatives market reflects a similarly cautious outlook. Open interest has not meaningfully recovered after a recent leverage flush, while traders have faced significant liquidation activity during the latest period of volatility.

    Stable open interest alongside price gains generally points to hesitant positioning rather than aggressive new leverage entering the market. This suggests that traders are not yet fully convinced the rally has substantial room to continue.

    Whale Buying Emerges Near $2,500 Resistance

    Whale buying near $2,500 has attracted attention and indicates that larger holders may still see value at current levels. The activity provides a counterweight to weaker network data and cautious positioning in derivatives.

    Even so, traders are watching the $2,500 resistance level closely. A failure to break and hold above it could lead to further short-term volatility.

    Overall, Ethereum’s market is being pulled in two directions. Steady institutional inflows and whale interest are supporting ETH, while declining network activity and cautious derivatives positioning remain obstacles. The balance between these forces could determine whether Ethereum turns $2,500 into a launchpad or a ceiling in the coming days.

    Frequently Asked Questions

    What is supporting Ethereum’s price near $2,500?

    Strong institutional demand, reflected in nine consecutive days of ETF inflows, is helping support Ethereum’s price near $2,500.

    Why did Ethereum experience a short-term price pullback?

    The recent retracement appears to have been driven largely by profit-taking. Traders who bought below the $2,306 average on-chain cost basis began selling after Ethereum’s strong August rally.

    How does on-chain activity affect Ethereum’s price momentum?

    Ethereum’s transaction counts and active addresses have declined despite recent price gains. This divergence could limit sustainable upward momentum unless network usage increases.

    What does the Spent Output Profit Ratio indicate about Ethereum sellers?

    A SOPR reading above 1, as recorded over the past week, indicates that sellers moving ETH on-chain are generally realizing profits rather than losses.