Ethereum stalls below $2,500 as momentum wanes

Ethereum (ETH) hovered around $2,493 on September 7, unable to sustain a break above the $2,500 threshold. The price moved within a tight band of roughly $2,475 to $2,537 before slipping back under $2,500.

Technical indicators show cooling bullishness

The daily Relative Strength Index (RSI) dropped to 63.62, down from overbought levels seen in August. Although the RSI remains above the neutral 50 mark, the signal line sits higher at 68.23, indicating fading momentum. The Average Directional Index (ADX) on the 4‑hour chart measured 15.69, below the 20 level that typically signals a weak trend.

Key price zones and liquidity clusters

Support is identified around $2,423–$2,475, with the nearest strong liquidity band near $2,430. On the upside, liquidation clusters concentrate between $2,520 and $2,550, and a smaller pocket exists near $2,600.

Potential scenarios

• If ETH breaks and holds above $2,537, the next resistance lies near the upper Bollinger Band at $2,578, opening a path toward the psychological $2,600 level.
• A sustained move above $2,578 could shift focus to a longer‑term target around $2,722, where larger supply zones have been noted.
• A daily close below $2,475 would likely pull price toward $2,448 and the 4‑hour Supertrend support near $2,423, deepening the consolidation.

Market backdrop

US spot Ethereum ETFs showed mixed flows, with a $48.2 million outflow on September 2 followed by inflows of $141.4 million and $25.9 million in the subsequent sessions. Upcoming Federal Reserve policy meetings (Sept. 15‑16) may affect risk appetite and influence ETH’s next move.