Ethereum Price Teeters on Breakout Above $2,520 Resistance

Ethereum's price has been hovering around $2,500, waiting for a breakout above the $2,520 resistance zone. Despite recent momentum, buyers face a test between maintaining August's advance and absorbing supply around the recent peak.

The current setup is centered on repeated pressure near $2,500 rather than an established breakout. TradingView community charts show several traders marking the $2,520 area as supply. The repeated tests indicate that buyers have returned, but sellers still defend the upper boundary.

Fund flows also serve as a measurable catalyst following August's strong second-half demand. Farside showed September started unevenly, with inflows and outflows across the first four trading days. That divergence makes continued ETF demand more relevant than August totals alone.