Ethereum recovered toward the $2,500 level after sliding to around $2,440–$2,450 on Sept. 4, with the $2,515–$2,525 area now acting as the key near-term resistance zone. According to analyst Ted, a whale opened a large $100 million ETH long, with the position facing a liquidation price near $2,345. The same whale reportedly opened a $47.9 million BTC long with a Bitcoin liquidation level at $72,216.
Market analysts remain constructive on Ethereum’s longer-term structure. Crypto Patel suggested that ETH’s long-term path could extend beyond $15,000, describing major dips as potential accumulation zones and referencing an earlier $1,500–$1,600 entry area. Analyst Gerla focused on the current range between $2,300 and $2,600, noting that Ethereum has formed a base after bouncing from $1,750 lows. Gerla identified $3,550 as the major resistance above the range and pointed to heavy volume between $2,900 and $3,400.
On the technical side, a break above $2,515–$2,525 could put $2,550 in focus, while $2,475 remains near-term support. Below that, $2,450 is the next support area, followed by $2,425–$2,400. The RSI stands at 58.70, below its 64.80 signal average but still above 50, while the MACD line is at 10.41 against a 9.57 signal line with a positive 0.84 histogram.
Ethereum’s daily chart remains constructive after the breakout from the $1,850–$1,920 base, but momentum has stalled inside the $2,440–$2,520 resistance area. Analysts say a clean daily close above $2,520–$2,560 would be needed to confirm that buyers have regained control. On the downside, losing the $2,390–$2,440 support zone could weaken the setup and expose medium-term support around $2,080–$2,150. The four-hour chart shows ETH trapped in a broad consolidation between roughly $2,350 and $2,560.
Sentiment data suggests conviction remains limited. Ethereum’s spot average order size is now dominated by normal-sized orders, while the large whale-order activity visible earlier in the recovery has largely disappeared. With neither significant whale demand nor clear retail positioning appearing in the latest data, ETH may remain prone to low-conviction, choppy movements inside its current range until a renewed burst of large-player activity signals a more decisive move.
