Ethereum Price Caught Between Daily Strength and Hourly Fatigue

Ethereum's price today is caught between its daily pivot and resistance band capping recent sessions, trading at $2,468.47 as of August 24, 2026.

The market shows signs of fatigue on shorter timeframes, with the hourly RSI at 58.63 and a thinning MACD histogram, while the daily chart indicates genuine strength with an overextended uptrend.

On-chain activity suggests strong demand that eased off in the latest session, rather than reversing, with Uniswap V3 fees surging 393.23% over seven days.

A breakout above the daily R1 at $2,486.80 could open the path toward the upper daily Bollinger Band near $2,530.47, while a loss of the 15-minute pivot at $2,468.64 followed by rejection at the upper Bollinger Band could trigger a slide.