Crypto
Ethereum Price Holds Above Key Averages Despite $2,800 Rejection
The Ethereum price has been holding above key averages despite a rejection at $2,800. The price fell below $2,700 on September 23 after a rally towards $2,800 stalled.
According to CryptoNews.net, the reversal brought the day's low of $2,648 into focus. US spot Ethereum ETFs had recorded two consecutive days of net inflows before the pullback, with Farside Investors bringing in $270 million on September 21 and another $162.2 million on September 22.
The daily chart shows that the price near $2,675 at 15:07 UTC on September 23 had opened around $2,754 and reached approximately $2,789 before falling as low as $2,648. The decline stood at 2.84% for the session when the chart was captured.