Crypto
Ethereum Price Hovers Below Key Threshold Amid Bullish Momentum
Ethereum's price has been steadily rising over the past four trading sessions, reaching a high of $2,646.55 on September 18 and closing at $2,619.71 on September 19.
The current price of $2,629.80 is just $42 away from the crucial $2,672 mark, which corresponds to a Fibonacci retracement of Ethereum's decline from its October 2025 peak of $4,946 to its January 2026 trough.
Traders are closely monitoring this threshold, as a weekly close above $2,672 would target the next major resistance in the $2,950 to $3,000 range, potentially leading to a 12% gain.