Ethereum price could retest $2,250 if support fails

Ethereum price traded near $2,455 on Aug. 31 after buyers again failed to hold the price above $2,500, leaving ETH confined between major resistance and support near $2,400. Summary Ethereum price slipped about 1% from its Aug. 25 opening price despite retaining a 28% monthly gain. The daily RSI cooled to 68.34 after moving above 70 during the August rally. Liquidation clusters sit near $2,545–$2,575, while leveraged positions also gather around $2,390–$2,410. A break above $2,550 could expose $2,650, but losing $2,400 would weaken the recovery. Ethereum price action today According to data from crypto.news, Ethereum (ETH) price opened the week at $2,481.78 before reaching an intraday high of $2,564.27 on Aug. 27. Sellers rejected the move, and ETH traded near $2,455 at the time of writing on Aug. 31. The pullback placed the token about 1% below its weekly opening level. However, ETH remained up roughly 28% over 30 days after recovering from below $1,900 earlier in August. The daily chart shows that the recovery accelerated around Aug. 19, when ETH broke above a group of long-term moving averages near $1,900–$2,050. The price then climbed more than 30% in several sessions before en...