Ethereum price risks pullback as MACD flattens

Ethereum price remained trapped between $2,400 support and $2,500 resistance on Sept. 1, with weak trend strength and fading momentum raising the risk of another liquidity-driven pullback. Summary Ethereum price traded near $2,460 after falling roughly 1% over the past seven days. The 4-hour ADX dropped to 18.58, showing little strength behind the current price trend. Liquidity is concentrated near $2,410 below price and between $2,540 and $2,550 above it. US spot Ethereum ETFs attracted $87.68 million on Aug. 31 despite ETH’s muted performance. According to data from crypto.news, Ethereum (ETH) price was trading near $2,460 at press time, little changed over the previous 24 hours and down about 1% over the past week. The token had retreated from an Aug. 27 high near $2,564 after buyers failed to extend its late-August breakout. Trading activity has also cooled. CoinGecko data showed that Ethereum’s 24-hour volume had fallen by about 21% to approximately $11.35 billion, indicating lower participation as the price consolidated. ETH remains caught between support around $2,400 and resistance extending from $2,500 to $2,565. A break from that range could determine whether the August r...