Ethereum Price Faces Crucial Test as September Upside Looms

The Ethereum (ETH) price has made significant progress since June's $1,510 support level, where a double-bottom pattern formed. After struggling around the neckline of this pattern from mid-July to mid-August, ETH finally broke through in late August, reaching $2,535.

This breakout marked an important milestone for ETH, but it now faces its first significant test as it attempts to push upwards in September. The question on everyone's mind is whether the price can sustain a 35% upside and reach new heights.