Ethereum Price Fights Resistance at $2,550

Ethereum's price has rebounded by nearly 6% from its 24-hour low to trade near $2,524 on September 4. This recovery brings the price back to a resistance zone that has rejected several breakout attempts.

The rebound coincided with a broader crypto rally that lifted Bitcoin above $81,000 and followed comments from Federal Reserve Governor Christopher Waller indicating he could support keeping interest rates unchanged if inflation continued to ease.

However, Ethereum's price still hasn't confirmed a breakout. The price reached an intraday high of approximately $2,547 before returning below $2,550, leaving the same resistance that stopped earlier advances intact.