Ethereum Price Stuck Near $2,468 as Buyers Defend Lower Range

Ethereum's price hovered near $2,468 on September 10 as buyers defended the lower end of a multi-week range. The cryptocurrency remained below the psychological $2,500 level, which has limited recovery attempts since late August.

The daily chart shows Ethereum holding inside a narrow range after its rapid August advance from below $1,900. Price has struggled to extend that rally, with sellers appearing each time it approaches the $2,500 area.

A weekly close above $2,550 would open the way toward $2,656 and $2,812, according to analysts. However, a break under $2,440 could force leveraged long positions to close and accelerate a move toward lower bands.