Ethereum (ETH) is trading at $2,737, up 3.36% in 24 hours, with support at $2,700 after a bounce from $2,635. Analyst Ella noted that ETH has been repeatedly denied near resistance, requiring a close above $2,705 to confirm strength. Another analyst, BATMAN, highlighted the Fibonacci extension level 1.618 as important. Technical indicators show ETH above key moving averages, with RSI at 64.47. The $2,635 level remains critical short-term support; a breakdown could weaken the rebound. The direction depends on whether ETH can overcome selling pressure near $2,700–$2,705.
Ethereum (ETH) is trading at $2,737.02 with a 24-hour volume of $23.21 billion and a market cap of $330.74 billion, after gaining 3.36% in the last day.
On September 25, crypto analyst Ella pointed out that Ethereum has been repeatedly denied near resistance. She stated: “Ethereum keeps getting pushed back from the same area. It traded down to $2,635 today, bounced then ran into sellers again near $2,700.” Ella added that she wants to see $ETH hold the rising support and get a proper close above $2,705.
According to her technical scenario, ETH must stay above its rising support trend line and close above $2,705 to shift focus to the $2,720–$2,725 area. A breakdown below $2,635 would weaken the rebound and raise the probability of further decline.
Another analyst, BATMAN, mentioned the Fibonacci extension level 1.618 as an important level for Ethereum’s formation, noting that price is moving toward a previous resistance zone.
Technical indicators show ETH trading above its moving averages. The 20-day SMA is $2,559.02, the 50-day is $2,357.03, the 100-day is $2,073.60, and the 200-day is $2,094.48. However, moving averages alone do not confirm a breakout.
The Relative Strength Index stands at 64.47, below the overbought threshold of 70. A further rise above resistance would be positive, while a fast fall would signal momentum weakness.
Key short-term support remains at $2,635. A break below that level would shift focus to lower supports. Immediate resistance is $2,700–$2,705, with $2,720–$2,725 as the next target if that is cleared. A confirmed breakout has not yet occurred, and Ethereum’s short-term direction depends on whether bulls can overcome persistent selling pressure near that zone.
