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Crypto

Ethereum Price Stuck in Tight Range

Guavy AI Editorial Team
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ETH
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Ethereum's price has been stuck in a tight range between $2,390 and $2,550, with repeated attempts to break above the top end of this zone failing. Despite this, the token remains up around 28% over the past month.

According to data from crypto.news, Ethereum (ETH) opened the week at $2,481.78 before reaching an intraday high of $2,564.27 on August 27, but was rejected by sellers and is now trading near $2,455.

The daily RSI has cooled to 68.34 after moving above 70 during the August rally, indicating that momentum has eased as the price struggles below $2,550.

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