Ethereum Price Faces Make-or-Break Moment at $2,635-$2,600

Ethereum's price has returned to the lower half of its September 24 liquidity-sweep range, placing it at $2,635-$2,600. As of the latest data, ETH traded near $2,649.67, with buyers still needing to reclaim nearby resistance.

The market is currently testing the 0.5 equilibrium near $2,640 and the 0.618 Fibonacci retracement at $2,635.39. If selling extends further, the next technical reaction level appears near $2,618 at the 0.786 retracement.

A move into this region would retest the final portion of the September 24 sweep without automatically confirming a breakdown. However, if ETH's price quickly recovers from these levels and regains the nearby range, it could indicate a strong rebound rather than a mere shakeout.