Ethereum Price Stuck Near $2,500 Amid Fed Rate Hike Uncertainty

Ethereum's price has remained below $2,500 due to uncertainty surrounding the Federal Reserve's potential interest rate hike following stronger-than-expected U.S. job data.

The market is cautious as Ethereum trades near $2,475, down about 0.7% from its position on September 8. Key resistance lies at $2,485 and $2,550, while support is near $2,450 and $2,400.

Traders are awaiting the release of U.S. inflation data and the Fed's policy decision on September 16 for clearer direction. A break above $2,550 could lead to gains towards $3,000, but a drop below $2,450 risks a decline to $2,400.