2026.9.2 ETH Intraday Thoughts:
After yesterday’s rebound from 2490 failed, the price continued to drift lower all the way. Today, although there were several attempts to rebound, the local highs never managed to break above the previous rebound high. Overall, the market structure remains weak, with lower highs and continually tested lows.
Today, the key focus is the overhead area 2425-2440. If the rebound manages to regain 2425 and then further breaks above 2438, it would indicate that the short-term downtrend is starting to correct, and you could look for 2460 → 2490.
Second is the downside level 2383, which is currently the most critical previous low. But if 2383 is broken convincingly to the downside, then yesterday’s rebound would be basically confirmed as a failure, and the downside could continue to be seen around 2350!
After yesterday’s rebound from 2490 failed, the price continued to drift lower all the way. Today, although there were several attempts to rebound, the local highs never managed to break above the previous rebound high. Overall, the market structure remains weak, with lower highs and continually tested lows.
Today, the key focus is the overhead area 2425-2440. If the rebound manages to regain 2425 and then further breaks above 2438, it would indicate that the short-term downtrend is starting to correct, and you could look for 2460 → 2490.
Second is the downside level 2383, which is currently the most critical previous low. But if 2383 is broken convincingly to the downside, then yesterday’s rebound would be basically confirmed as a failure, and the downside could continue to be seen around 2350!
