Ethereum Stalls at Key Resistance Level Amid Monetary Policy Fears

Ethereum's price has struggled to break through the $2,550 resistance level, hovering near $2,510 on September 14. The digital asset gained about 1.4% in value but failed to surpass this key milestone due to weak buying momentum and expectations of tighter US monetary policy.

Tech indicators such as the 4-hour ADX and Chaikin Money Flow suggest a lack of strong trend and buying pressure, keeping Ethereum range-bound between $2,465 and $2,550 since its August rally.

The upcoming US Federal Reserve decisions and Senate votes on crypto legislation could influence Ethereum's next price move. A confirmed close above $2,550 is needed to target higher levels around $2,700 to $2,800.