Ethereum Price Hugs Daily Bollinger Upper Band as Bulls and Sellers Clash
Ethereum's price has settled at $2,723.66 as of September 22, 2026, finding itself nearly precisely on its daily Bollinger upper band at 2,722.84.
The daily chart displays a clear trend structure with the price above the EMA20 at 2,533.41 and above the EMA50 at 2,354.97, both of which are above the EMA200 at 2,208.21. This represents sustained buying pressure over weeks.
The hourly chart presents a different story with price below its EMA20 but still above its EMA50, indicating short-term bearish momentum building against the daily uptrend. The MACD histogram on the hourly chart is negative at -8.75 and the RSI14 has cooled to 48.95.
The bullish case for Ethereum depends on maintaining its daily structure while defending support levels. On-chain activity supports this view with Uniswap V4 fees surging 81.54% in a day and Uniswap V3 fees jumping 192.43%, indicating real trading demand rather than price speculation.