Ethereum Price Hovers Near $2,550 Breakout Point

The Ethereum price has recovered towards $2,500 on September 18 as buyers defended support near $2,400.

However, daily and 4-hour charts show that the $2,550 area remains the main barrier to a larger breakout for Ethereum ($ETH).

Despite this, analysts are watching the price closely as it approaches the upper Bollinger Band at around $2,549.

A daily close above $2,550 would move the price outside the upper part of its recent range and potentially open a path towards $2,600 and the larger liquidation pools above it.