What to Expect From Ethereum Price in September 2026

Ethereum (ETH) entered September trading around $2,452 after posting its first higher high of the current cycle. The key level to watch is the $2,438.85 0.618 Fibonacci retracement, which now acts as support.

Weekly Chart Breakout

The weekly chart shows ETH breaking a descending trendline that had limited rallies since the August 2025 peak of $4,958. Two weeks ago, a weekly candle exceeding 31% produced the first higher high of the cycle, a shift that earlier breakout attempts did not achieve.

Support and Resistance Levels

If ETH closes above $2,438, the next target is the 0.5 Fibonacci retracement around $2,919.89, roughly 19% higher. The June low remains significant, sitting within a demand zone between $1,600 and $1,760 that previously absorbed selling pressure in June 2023, October 2023, and April 2025.

Analyst Outlook

Analyst Ted Pillows notes that ETH failed to clear $2,550, a level near the 50‑week moving average at $2,542. He expects short‑term sideways movement, a small capitulation, and then a reversal. Pillows identifies $2,200 as immediate support and $2,800 as the next resistance zone.

Leverage and Market Positioning

A large whale recently opened a 10x long position worth $102.3 million, with a liquidation price of $2,241. At the same time, several trading firms maintain sizable short exposure.

Daily Chart Dynamics

On the daily chart, volume spiked from August 19‑21, and the August 21 session cleared the April 17 swing high near $2,400, which now serves as short‑term support overlapping the 0.618 retracement. The Supertrend indicator turned bullish on July 12 and currently sits near $2,220. Declining daily volume since the breakout suggests a consolidation phase.

Key Question for September

Bulls need a weekly close above $2,438 to keep the next target around $2,920 in play. Bears aim to push the price back to $2,550 to sustain rejection. A break below $2,438 would expose the Supertrend near $2,220 and could lead toward the psychological $2,000 level.