Ethereum's price is trading around $2,510 on September 14, having increased by approximately 1.4% for the day, yet still not overcoming the key resistance level at $2,550. Ethereum opened at $2,477, reaching a high of $2,535 and a low of $2,465 during trading, indicating buyers' defense of the $2,500 level. Weak momentum and expectations of monetary policy tightening in the US are hindering the bullish impulse needed to reach new heights.
Analysis shows that Ethereum remains above all major moving averages. The 20-day simple moving average is at $2,474, forming the first dynamic support. The broader trend also remains constructive: ETH is trading above the 50-day SMA at $2,198, the 200-day at $2,061, and the 100-day at $1,975. However, the Average Directional Index (ADX) has fallen to 18.84, signaling a weak trend. The Chaikin Money Flow on the daily chart is minus 0.06 – a negative value indicating that capital outflow slightly exceeds inflow, despite ETH holding above $2,500.
The $2,535–$2,550 zone remains the nearest resistance. A breakout and close above $2,550 are seen as a condition for moving to $2,670 (the high on September 11), and then to $2,700 and $2,800. Analyst Ted Pillows noted that ETH failed to close above $2,550 last week and suggested that reclaiming the level would pave the way to $3,000. Analyst Eliz pointed to the same area as the first resistance level and noted that only breaking the current range would release enough liquidity to move to $2,700–$2,800. Meanwhile, the weak ADX means that a breakout will require a noticeable increase in volumes.
Below, the first support is the 20-day SMA around $2,474. The 4-hour Supertrend remains green and provides a firmer trend boundary at around $2,429. A close below $2,429 will cancel the short-term bullish Supertrend signal and open the $2,350–$2,400 zone. If sellers trigger a broader correction, the next major daily support level will be the 50-day SMA around $2,198.
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