Ethereum Price Stagnates Below $2,500 Amid Fed Uncertainty

Ethereum's price continues to fluctuate within a narrow range, stuck below $2,500. This stagnation is partly due to the uncertainty surrounding the Federal Reserve's next move, as investors await its decision on interest rates.

The latest data shows Ethereum trading at approximately $2,475, down 0.7% over the previous 24 hours. The asset has been unable to break through the $2,500 psychological level, which has repeatedly limited recovery attempts since September 3rd.

Experts point to the weak short-term momentum and the ADX reading of 11.1 as indicators of a range-bound market. The Bollinger Band midpoint at $2,484.76 serves as a key resistance level, while the lower band at $2,452.87 provides technical support.

Liquidity clusters around $2,445 and $2,460 on CoinGlass' liquidation heatmap suggest that a breakdown below $2,450 could trigger long liquidations and accelerate a move toward $2,400.