Ethereum Stuck at $2,520 Resistance Level

The Ethereum price has been hovering around the $2,520 resistance level, with traders closely watching for a breakout above this threshold. Recent fund inflows and staking activity have tightened the available supply backdrop, making it more challenging for buyers to push prices higher.

According to TradingView, Ethereum's price remained about 30% higher over one month on September 6, bringing ETH toward a level several analysts had identified as higher-timeframe resistance. Buyers now face a test between maintaining August momentum and absorbing supply around the recent peak.

Seth identified $2,500 as higher-timeframe resistance after ETH advanced from the $1,500 region, stating that clearing this area could reopen a test of the prior all-time high at $4,955.30.