ETH Price Consolidates Between $2,400-$2,500 Support and Resistance

Ethereum's price remained trapped between $2,400 and $2,500 support and resistance levels on September 1, with weak trend strength and fading momentum raising the risk of another liquidity-driven pullback.

The token had retreated from an August 27 high near $2,564 after buyers failed to extend its late-August breakout.

Trading activity has cooled, with a 21% decline in Ethereum's 24-hour volume to approximately $11.35 billion.