ethereum

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.
Ethereum price action today
According to data, 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.
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.
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