Ethereum Stalls at $2,550 Resistance Level

Ethereum's price held steady around $2,510 on September 14 as buyers struggled to break through the key resistance level of $2,550.

The cryptocurrency gained about 1.4% on the daily chart but failed to clear the upper boundary of its recent range.

Average Directional Index (ADX) readings fell to 18.84, signaling weakness in the market's momentum.

Crypto news data showed that Ethereum opened the session at $2,477 and rose as high as $2,535 before trading near $2,512.

Ethereum's ability to remain above its major moving averages, including the 20-day simple moving average at $2,474, suggests a constructive trend.