Ethereum analysis

ETH's September monthly candle closed above the 20 MA, getting there before BTC did. This month I'm leaning toward a break of the 2.76~2.82K resistance and a look at 3.2K. A daily close below 2.6K invalidates it.

On the 5-year weekly, lows have risen gradually, but bounce highs have fallen since the 2025 peak. The $2,500 area is where the weekly MA50 overlaps a long-term trading range, and a weekly close relative to 2594 will decide what comes next.

The $2,356 floor held on its second test with a wick. But the daily long-term line and the weekly 50-week MA overlap at $2,542–2,567, and large orders are skewed to the sell side, so this looks more like a defense than a confirmed bounce.

ETH hit the 2.56K I was looking for yesterday intraday, but couldn't hold it on the close. Large orders have flipped to net selling over the past day, and the price line and OBV low line near 2.46K are the next decision point.

Yesterday I thought the upside looked heavy, but within a day, orders over $1M each bought more than $100M worth. OBV is climbing too, so this time I'm leaning toward a break of the 2,560 wall.

ETH has sell orders and a weekly MA overlapping at 2,550~2,600, with short liquidations stacked inside the same zone. Clear it and that becomes fuel; fail and it slides back toward 2,400.

The 2465 verdict is in. ETH closed above it yesterday, and today even the low held above the wall. The next level to watch is 2547, where the prior high and a sell wall overlap.

ETH cleared the April high of 2,465 on 8/21 and ran to 2,547 but couldn't hold it. It's been chopping around that level for three days, and volume has cooled from 5.2x to 1.5x. Just below, $88M in long liquidations sit between 2,340 and 2,420.

Two days ago I wrote that ETH was "knocking on the 2,000 door." It didn't step over the threshold — it cleared it entirely. +17.5% on 8/19 on 3.9x volume, and now 2,360 is flipping from resistance to support.

ETH has kept making higher lows since the June double bottom. Bollinger Band width has squeezed from 20% to 4.6% and ETH/BTC is climbing, so the key question is whether it clears the $2,000 + 200-day MA gate.