Ethereum reversed from above $2,600 and fell back near $2,475 on Sept. 15, a decline of about 2%. The daily MACD has turned bearish and support clusters sit just below the current price as traders position ahead of the Fed's rate decision and a Senate vote on the CLARITY Act.
Ethereum falls back below $2,500
Ethereum traded near $2,475 on Sept. 15 after dropping approximately 2% over the previous 24 hours, according to crypto.news. The decline followed a sharp rejection above $2,600, where buyers failed to sustain a breakout.
The daily chart shows ETH opening at $2,515.72 before trading between $2,465.60 and $2,520 during the session, down 1.65% at the time of writing. The reversal pushed the token back into the consolidation range that has controlled trading since late August.
Crypto trader Daan Crypto Trades described the move as pre-positioning ahead of the Senate's CLARITY Act vote and the Federal Open Market Committee meeting. According to the analyst, the initial rally removed leveraged short positions before the decline forced out traders positioned long. Failure to advance the bill could produce another move lower before attention shifts to the Fed decision, Daan added.
Weak momentum leaves Ethereum near support
On the 4-hour chart, ETH has moved below the Bollinger Band midpoint at $2,509.64, with the lower band at $2,469.41. A break below that Bollinger Band would expose the recent intraday lows and the $2,450 area.
The Average Directional Index sits at 17.73, a reading below 20 that signals the prevailing trend lacks strength. Meanwhile, the relative strength index has dropped to 56.89 from its recent highs, sitting below its moving average of 62.14.
Daily MACD also shows fading momentum: the line remains positive at 72.86 but has fallen below the signal line at 90.93, with the histogram turning negative at -18.07, showing that the momentum behind the August rally is weakening.
Liquidation clusters and key levels ahead
CoinGlass's one-week liquidation heatmap shows a concentration of leveraged positions immediately below the market around $2,450–$2,470, with a stronger pocket of downside liquidity near $2,390–$2,410. Liquidity also sits above ETH around $2,535–$2,580, followed by clusters near $2,630 and $2,650.
Crypto analyst Ted Pillows said ETH's upside would remain capped until the asset reclaims $2,550 on the weekly timeframe. His chart places the first major support near $2,175 and the next resistance around $2,860 if buyers establish a weekly close above the current ceiling.
Oil prices climbed above $107 per barrel while the 10-year Treasury yield moved above 5%, raising concerns that higher energy costs could keep inflation elevated. According to Reuters, CME FedWatch data showed markets assigning a probability above 90% to a 25-basis-point rate increase at the Fed's Sept. 16 meeting. Higher yields can reduce demand for risk assets by offering U.S. investors stronger returns in fixed income.
Source: crypto.news
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