Ethereum price stalls below $2,500 as ADX drops to 11
Ethereum price traded below $2,500 on Sept. 8 as weak short-term momentum and uncertainty over the Federal Reserve’s next move kept the asset inside a narrow range.
Summary
- Ethereum price traded near $2,475 after falling about 0.6% during the daily session.
- The 4-hour Bollinger Band midpoint at $2,485 has become immediate resistance.
- Liquidation clusters sit near $2,450 below and between $2,515 and $2,550 above.
- ADX at 11.1 indicates that Ethereum lacks a strong short-term directional trend.
Ethereum price action today
According to data from crypto.news, Ethereum (ETH) price traded at approximately $2,475 at the time of writing, down 0.7% over the previous 24 hours. The asset recorded a daily high of $2,507.99 and a low of $2,463 on the daily chart.
The latest decline kept ETH below the $2,500 psychological level, which has repeatedly limited recovery attempts since the start of September. Buyers briefly pushed the price to $2,500 during the latest 4-hour session, but the move lost strength before reaching the upper end of its recent range.
Ethereum has largely traded between $2,450 and $2,550 since Sept. 3. Repeated moves through the middle of the range have failed to produce a sustained trend, leaving both breakout and breakdown attempts vulnerable to reversals.
Crypto trader Daan Crypto Trades described the movement as typical of an illiquid holiday weekend. He expected the return of regular market activity to help the market choose a direction after several days of uneven price action.
Fed uncertainty keeps Ethereum below $2,500
Stronger-than-expected U.S. employment data added pressure to Ethereum and other risk assets. The U.S. economy added 162,000 jobs in August, compared with expectations of about 53,000, while unemployment remained at 4.1%.
The report raised market expectations that the Federal Reserve could increase interest rates at its September meeting. Traders assigned roughly a 60% probability to a rate hike, according to market pricing cited by Reuters.
Higher interest rates can reduce demand for volatile assets because investors can earn greater returns from government bonds and other lower-risk instruments. The Fed is scheduled to announce its next policy decision on Sept. 16.
Rising oil prices have added another source of uncertainty for U.S. investors. Brent crude climbed to $98.66 per barrel on Sept. 8 as conflict in the Middle East raised concerns about energy supplies and inflation, Reuters reported.
Markets will now watch the U.S. Producer Price Index on Thursday and the Consumer Price Index on Friday. Stronger inflation readings could support expectations of tighter monetary policy, while softer figures may ease some of the pressure on Ethereum.
Ethereum indicators point to range-bound trading
The 4-hour Ethereum chart shows the price trading below the Bollinger Band midpoint at $2,484.76. The middle band is the first level buyers need to recover before challenging the upper band at $2,516.64.
A 4-hour close above $2,517 could improve the short-term setup and expose the $2,540–$2,550 resistance area. Ethereum has struggled to hold above that zone during recent recovery attempts, making it an important barrier for a larger breakout.
The lower Bollinger Band rests at $2,452.87 and provides the nearest technical support. A move toward the lower band would keep ETH within its existing range, but a decisive close below it could open a drop toward $2,400.
The Average Directional Index stands at 11.1 on the 4-hour chart. An ADX reading below 20 usually reflects a weak trend, consistent with the repeated reversals and limited follow-through visible since late August.
The daily chart remains more constructive. Ethereum is trading above the Supertrend support at $2,318.72, while the Awesome Oscillator remains positive at 256.05. However, the oscillator’s shrinking bars show that bullish momentum has weakened since the August rally.
Liquidation levels frame Ethereum’s next move
The three-day CoinGlass liquidation heatmap shows a dense liquidity cluster between approximately $2,445 and $2,460. The concentration places leveraged long positions near the lower boundary of Ethereum’s current range.
A breakdown below $2,450 could trigger long liquidations and accelerate a move toward $2,400. CoinGlass data showed that about $29 million in Ethereum futures positions had already been liquidated over the previous 24 hours, while ETH open interest stood near $33.3 billion.
Liquidity is also concentrated above the market. The nearest upper clusters appear around $2,515–$2,520, followed by a larger band near $2,540–$2,550. A recovery through $2,500 could therefore trigger short liquidations and pull the price toward those levels.
The position of the clusters leaves ETH between two nearby liquidity targets. The $2,450 area represents the immediate downside risk, while $2,515 and $2,550 form the main upside objectives.
Analysts watch $2,400 for the bullish structure
Team Lambo Charts said Ethereum’s consolidation above $2,400 allows liquidity to build without damaging the broader bullish structure. The analyst identified $3,000 as the next major upside target if ETH begins another expansion phase.
A momentum-backed break above $3,000 could place $3,700 in view, according to the analyst. However, that longer-term scenario depends on Ethereum continuing to hold $2,400 and clearing the resistance that has formed near $2,550.
In the short term, the chart remains neutral while ETH trades between $2,450 and $2,517. A 4-hour close above the upper Bollinger Band would favor a move toward $2,550, while a loss below $2,450 would increase the risk of a liquidation-driven decline toward $2,400.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
