Ethereum Price Holds Steady at $2,641 Amid Oversold Warning
Ethereum's price has held steady at around $2,641 as of September 24, 2026, but its short-term charts are flashing an oversold warning.
The crypto market shed over 6% in a single session yesterday, but sentiment indicators have not fully caught up with the damage. The Fear & Greed Index still reads 71 (Greed), despite the sharp decline in the total crypto market cap to roughly $2.82 trillion.
The daily chart remains unequivocally constructive, with Ethereum trading above its major moving averages in a textbook bullish structure. However, the 1H and 15M charts are showing an oversold, momentum-driven pullback that has broken short-term trend structure.
Healthy uptrends frequently produce sharp intraday flushes that leave the bigger picture undamaged, but this is only the case if the 1H 200-EMA near $2,638 and the daily S1 at $2,593 hold. The bullish scenario rests on defending these levels, while bears point to the loss of the 1H and 15M EMAs as evidence that a deeper correction is beginning.