Ethereum price holds $2,500, but ADX signals weakness

Ethereum price traded near $2,510 on Sep. 14 as weak momentum and tighter US monetary-policy expectations prevented bulls from clearing the key $2,550 resistance level. Summary Ethereum price gained about 1.4% on the daily chart but remained below the $2,550 resistance. The 4-hour Supertrend stayed bullish above $2,429, while ADX fell to 18.84. Negative Chaikin Money Flow showed that buying pressure weakened despite ETH holding above its major moving averages. The Fed decision and a Senate vote on US crypto legislation could determine Ethereum’s next move. Ethereum price holds above $2,500 According to data from crypto.news, Ethereum (ETH) price opened the daily session at $2,477 and rose as high as $2,535 before trading near $2,512. The move represented a gain of about 1.4%, while an intraday low near $2,465 showed that buyers continued to defend pullbacks below $2,500. ETH has traded sideways since its late-August rally lifted the price from below $2,000 into the $2,400–$2,550 range. Several attempts to extend the rally have stalled near the upper boundary, leaving the token without a confirmed breakout. The 4-hour chart showed a similar structure. Ethereum traded near $2,510 aft...