Ethereum price recovery hinges on $2,526 breakout

Ethereum price rebounded toward $2,420 after a sharp sell-off, but weak capital flows and resistance near $2,465 leave ETH exposed to another correction. Summary Ethereum price fell below $2,400 before recovering to about $2,421 during Tuesday’s session. The daily RSI dropped to 52.09 as momentum weakened from its recent overbought reading. 4-hour Supertrend resistance stands at $2,526, while Chaikin Money Flow remains negative. Analysts see downside toward $2,143 or lower if ETH loses its weekly support. Ethereum price action today Ethereum (ETH) price was trading near $2,421 on Sep. 16 after recovering from an intraday low of $2,382.70, according to Binance data shown on TradingView. ETH opened the current daily candle at $2,398.26 and rose about 0.95%, partially reversing the previous decline. The rebound followed a broader sell-off that briefly pulled ETH below the $2,400 psychological level. Market pressure intensified after the Digital Asset Market CLARITY Act failed to advance in the U.S. Senate. The bill’s cloture motion reportedly failed in a 49-50 vote, short of the 60 votes needed to proceed. Its defeat weakened expectations that Congress would soon establish clearer div...