Ethereum Price Stalls Below $2,500 as Momentum Weakens

Ethereum's price has stalled below $2,500 as momentum weakens. The cryptocurrency traded near $2,493 on September 7 after failing to hold above $2,500, while weakening momentum and nearby liquidation clusters kept ETH within a narrow range.

The daily RSI fell to 63.62, showing that bullish momentum has cooled since the August rally. The $2,423, $2,475 area forms the nearest support zone across the charts.

Notable liquidity is concentrated around $2,430 below and $2,540, $2,600 above, according to data from CoinGlass. Analyst Ted Pillows said most of Ethereum's nearer upside liquidity had already been cleared, leaving a smaller cluster around $2,600.