Ethereum price retests $2,550 as RSI nears 67

Ethereum price rebounded nearly 6% from its 24-hour low to trade near $2,524 on Sept. 4, but the recovery has brought ETH back to a resistance zone that has rejected several breakout attempts. Summary Ethereum price recovered from about $2,370 to above $2,520 within 24 hours. The 4-hour RSI rose to 66.87 as ETH approached the upper Bollinger Band. Liquidation clusters sit near $2,540–$2,550 and between $2,485 and $2,490. A weekly close above $2,550 could open a path toward $3,000, according to analyst Ted Pillows. Ethereum price rebounds toward $2,550 According to data from crypto.news, Ethereum (ETH) price was trading around $2,524 at the time of writing, up approximately 5.7% over the previous 24 hours. The rebound followed a fall to roughly $2,370, leaving ETH about 6.5% above its intraday low. The recovery coincided with a broader crypto rally that lifted Bitcoin above $81,000. US markets also moved higher after Federal Reserve Governor Christopher Waller said he could support keeping interest rates unchanged if inflation continued to ease. Waller’s comments reduced expectations for a rate increase at the Fed’s Sept. 15–16 meeting. Treasury yields and the US dollar declined as ...