Ethereum price hovered near $2,468 on Sep. 10 as buyers defended the lower end of a multiweek range, while repeated failures above $2,500 kept the short-term outlook uncertain.

Ethereum price action today

According to data from crypto.news, Ethereum (ETH) price traded around $2,468 at the time of writing after briefly falling to approximately $2,455. The token remained below the psychological $2,500 level, which has repeatedly limited recovery attempts since late August.

The daily chart showed ETH holding inside a narrow range after its rapid August advance from below $1,900. Price has since struggled to extend that rally, with sellers appearing each time it approaches the $2,500 area.

Ethereum’s latest daily candle opened at $2,468.14, reached a high of $2,484.76 and fell as low as $2,455.17. The small trading range showed that neither buyers nor sellers had established firm control during the session.

The broader structure remains stronger than it was before the August breakout. However, ETH is now testing the 8/8 Murray Math resistance at $2,500, making the level an important dividing line between continued consolidation and another upward move.

4-hour indicators show weak buying pressure

On the 4-hour chart, Ethereum traded at $2,469.40, below the Bollinger Bands’ middle line at $2,484.18. The upper band stood at $2,507.87, while the lower band was near $2,460.49.

Price sitting close to the lower band showed that short-term selling pressure remained active. A close below $2,460 could push ETH toward the recent intraday low near $2,445, while a recovery above the middle band would return attention to the $2,500–$2,508 resistance zone.

The Chaikin Money Flow reading was near zero, showing no clear net inflow of capital on the 4-hour timeframe. The neutral reading matched the sideways price structure, with ETH moving between support and resistance without strong follow-through.

The daily Average Directional Index stood at 50.56. An ADX reading above 25 usually indicates a strong trend, but the indicator does not determine its direction. In Ethereum’s case, the elevated reading reflects the strength of the larger move that began in August, even as price consolidates beneath resistance.

Liquidation map places ETH between two liquidity zones

CoinGlass’ 24-hour Ethereum liquidation heatmap showed large concentrations of leveraged positions on both sides of the current price.

The nearest major liquidity cluster below ETH appeared around $2,440. Additional concentrations were visible between approximately $2,400 and $2,430. A break under $2,440 could force leveraged long positions to close and accelerate a move toward those lower bands.

Above the market, the largest nearby liquidation concentrations appeared around $2,490 and between $2,520 and $2,535. Liquidity was also visible near $2,550.

A rebound through $2,490 could therefore trigger short liquidations and pull Ethereum back toward $2,520. However, the number of liquidity bands on both sides of the price raises the risk of sharp moves within the existing range before ETH establishes a clear direction.

The liquidation heatmap also supports the short-term technical boundaries shown by the 4-hour Bollinger Bands. Both charts place Ethereum between support around $2,440–$2,460 and resistance beginning near $2,490.

Analysts identify $2,550 as the breakout level

Crypto trader Daan Crypto Trades said Ethereum had formed a tighter range than Bitcoin while sitting on support near $2,460. According to the analyst, neither bulls nor bears had strong momentum while both assets remained inside their respective ranges.

Daan added that a range break could lead to heavy liquidations among traders positioned on the wrong side. The heatmap supports that risk, with leveraged positions concentrated directly above and below Ethereum’s current market price.

Analyst Ted Pillows identified a wider range between $2,450 and $2,550. He said Ethereum would need a weekly close above $2,550 to begin another upward leg.

Bitcoin price extended its decline below $78,000 on Sept. 10 as fading momentum, elevated Treasury yields and caution before U.S. inflation data kept buyers on the sidelines.

Bitcoin price falls below $78,000

According to data from crypto.news, Bitcoin (BTC) price traded near $77,800 at the time of writing after opening the daily session at $78,306. The cryptocurrency reached an intraday high of $78,564 before sellers pushed it as low as $77,688.

The move extended the pullback from the Sept. 3 peak near $82,280. Bitcoin has since formed a series of lower highs on the 4-hour chart, showing that buyers have struggled to maintain each rebound.

Price also slipped below the 4-hour Supertrend level around $78,203. The indicator will continue to favor sellers unless Bitcoin recovers that mark and holds above it on a closing basis.

A stronger resistance area sits near $80,151, where the previous Supertrend barrier overlaps with recent intraday highs. Bitcoin repeatedly failed to sustain moves above $80,000 during the past week, making the psychological level an important test for any recovery attempt.

Crypto trader Daan Crypto Trades said Bitcoin had recorded its fifth drawdown of between 4% and 6% over the past three weeks. Despite the repeated declines, the analyst noted that BTC remained inside a broader range between $76,000 and $81,000.

According to Daan, volatility has increased without producing a clear directional trend. He said traders may need to wait for a confirmed break from the range before assuming that Bitcoin has started a larger move.

US inflation risks limit demand for Bitcoin

Bitcoin’s latest decline came as markets prepared for U.S. producer and consumer inflation reports ahead of the Federal Reserve’s Sept. 15–16 meeting.

Oil prices above $100 per barrel have revived concerns that energy costs could keep inflation elevated. Higher inflation readings could strengthen the case for the Fed to maintain restrictive monetary policy or raise rates.

U.S. Treasury yields also remained elevated as investors assessed inflation risks and growing government borrowing. The 10-year yield traded near 4.86%, while the 30-year yield approached 5.31%.

Higher bond yields can reduce demand for Bitcoin and other non-yielding assets because Treasury securities offer investors a fixed return. The same pressure has encouraged some U.S. ETF investors to favor short- and intermediate-term bond funds, according to Reuters.

Uncertainty around the inflation figures has also made it harder for spot Bitcoin demand to offset selling in the derivatives market. Leveraged positions can intensify short-term moves when price crosses heavily traded liquidation levels, particularly during periods of weak spot buying.

The Federal Reserve’s decision remains the main U.S. catalyst for Bitcoin. Markets are weighing whether policymakers will hold the federal funds target range at 3.50% to 3.75% or raise it by 25 basis points.

Momentum indicators turn lower

Bitcoin’s daily chart still shows a broader recovery from its June and July lows, but short-term indicators have weakened.

The daily relative strength index fell to 57.24 from its recent elevated reading, while its moving average stood at 66.20. An RSI above 50 generally shows that buyers retain some control, but the decline indicates that bullish momentum has cooled.

The moving average convergence divergence indicator produced a bearish crossover. The MACD line dropped to 2,357, below the signal line at 2,956, while the histogram fell to minus 598.

The negative histogram shows that upward momentum is losing strength, although both main MACD lines remain above zero. Bitcoin would need renewed buying pressure to prevent the crossover from developing into a broader bearish reversal.

The Aroon indicator on the 4-hour chart also favored sellers. Aroon Down stood at 57.14%, compared with an Aroon Up reading of 21.43%, reflecting the recent pattern of lower highs and repeated tests of support.

Bitcoin remains below the 0.618 Fibonacci retracement level at $83,972. The level, calculated from the decline between $126,261 and $57,833, represents the main resistance separating the current recovery from a larger trend reversal.

Bitcoin liquidation map points to $77,300 support

CoinGlass’s one-week liquidation heatmap shows a concentration of leveraged positions immediately below the current price.

The closest large liquidity band sits between approximately $77,300 and $77,600. A decline into the area could trigger additional long liquidations, but it may also attract buyers seeking a sweep of the recent lows.

Trader Lennaert Snyder said he was watching for Bitcoin to take out the $77,600 low and possibly test $77,300 before forming a long setup. He identified the area as an extreme of the weekly range and said a successful liquidity sweep could support a recovery toward $80,000.

The daily chart places the next major technical support at the 78.6% Fibonacci retracement near $72,477. Before that level comes into play, buyers may attempt to defend the wider $76,000 to $77,000 range that has contained several recent declines.

Above the market, the heatmap shows notable liquidation clusters near $80,500 and $81,800. A recovery through $80,000 could force short positions to close and accelerate a move toward those pools.

Snyder identified the $80,000 region as a possible area for new short setups if Bitcoin tests it without establishing support. His view keeps the immediate trading range between roughly $77,300 and $80,000.

Bitcoin, therefore, remains caught between nearby long-liquidation risk below and larger short-liquidation pools above. A confirmed daily close outside the $76,000 to $81,000 range would provide clearer evidence of its next direction.