Ethereum price stalls below $2,500 as ADX drops to 11

Ethereum price traded below $2,500 on Sept. 8 as weak short-term momentum and uncertainty over the Federal Reserve’s next move kept the asset inside a narrow range. Summary Ethereum price traded near $2,475 after falling about 0.6% during the daily session. The 4-hour Bollinger Band midpoint at $2,485 has become immediate resistance. Liquidation clusters sit near $2,450 below and between $2,515 and $2,550 above. ADX at 11.1 indicates that Ethereum lacks a strong short-term directional trend. Ethereum price action today According to data from crypto.news, Ethereum (ETH) price traded at approximately $2,475 at the time of writing, down 0.7% over the previous 24 hours. The asset recorded a daily high of $2,507.99 and a low of $2,463 on the daily chart. The latest decline kept ETH below the $2,500 psychological level, which has repeatedly limited recovery attempts since the start of September. Buyers briefly pushed the price to $2,500 during the latest 4-hour session, but the move lost strength before reaching the upper end of its recent range. Ethereum has largely traded between $2,450 and $2,550 since Sept. 3. Repeated moves through the middle of the range have failed to produce a su...