Ethereum Holds Near $2,468 as Buyers Defend Lower Range

Ethereum (ETH) price hovered near $2,468 on Sep. 10, with buyers defending the lower end of a multi‑week range. Repeated failures to break above $2,500 kept the short‑term outlook uncertain.

Current price action

During the session ETH moved between roughly $2,455 and $2,485. The 4‑hour chart shows immediate support at $2,460 and resistance between $2,500 and $2,508. A close above $2,550 on the weekly chart could open the path toward $2,656 and $2,812.

Technical indicators

• 4‑hour Bollinger Bands: middle $2,484.18, upper $2,507.87, lower $2,460.49.
• Chaikin Money Flow on the 4‑hour timeframe was near zero, indicating neutral capital flow.
• Daily Average Directional Index stood at 50.56, reflecting a strong underlying trend despite sideways price movement.

Liquidity and liquidation clusters

CoinGlass’ 24‑hour liquidation heatmap highlighted large clusters of leveraged positions around $2,440 (below) and $2,490‑$2,535 (above). A break below $2,440 could trigger long liquidations, while a rebound above $2,490 could force short liquidations.

Analyst perspectives

• Daan (Crypto Trades) noted that ETH is in a tighter range than Bitcoin, with support near $2,460 and no strong momentum on either side.
• Ted Pillows identified a broader range of $2,450‑$2,550 and said a weekly close above $2,550 is needed for another upward leg. He cited potential targets of $2,656.25, $2,812.50, and $2,968.75.
• A bearish scenario would begin with a sustained break below $2,450, leading to support levels at $2,343.75 and $2,187.50.

Macro backdrop

The range comes ahead of the Federal Reserve’s Sep. 15‑16 policy meeting. US interest‑rate expectations may influence demand for risk assets like ETH, while the proximity of liquidation clusters could amplify price reactions.

Key technical thresholds

• Hold above $2,440‑$2,460 to preserve the current range.
• Break above $2,500‑$2,508 to test the next resistance zone.
• Weekly close above $2,550 to confirm stronger upside momentum.
• Break below $2,440 could shift focus to $2,344 and $2,215.