Ethereum falls 2.7% to $2,446 as $2,434 support comes under pressure

  • Ethereum fell 2.7% and briefly traded below the $2,434 support level.
  • 81,970 ETH changed hands during Tuesday’s session.
  • Ethereum remained above its long-term moving averages after the decline.

Ethereum fell 2.7% to $2,446 on Tuesday, September 15, extending its retreat from the $2,500 area. ETH briefly slipped below the $2,434 support level, a price zone where buying interest has previously emerged, but recovered after reaching $2,431. The session began at $2,515, with Ethereum reaching $2,519 before selling pressure drove it lower; an earlier decline had taken the price down 1.07% to $2,492. Trading volume was 81,970 ETH, below the levels seen during the August rally. Investors also remained cautious ahead of a crucial U.S. Senate vote that might determine whether debate on the CLARITY Act advances. Bitcoin also declined, pointing to broader caution across the crypto market. The recovery to $2,446 meant buyers defended the area during the session, although a close below $2,434 could shift attention toward $2,385. A move back above $2,500 would ease immediate pressure, while a rise beyond about $2,520 would indicate that buyers had regained control. TradingView showed a momentum reading of 54, suggesting ETH was not at an extreme within its trading range and might be less likely to see a short-term rebound. Ethereum remained above its long-term moving averages, leaving the broader recovery from the June lows intact.

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