Ethereum price loses $2,500 as MACD turns bearish

Ethereum price fell toward $2,475 after a brief move above $2,600 failed, leaving ETH exposed to weaker momentum and leveraged volatility ahead of two major U.S. events. Summary Ethereum price reversed from above $2,600 and fell about 2% toward $2,475. 4-hour Bollinger Bands place immediate support near $2,469 and resistance near $2,550. Daily MACD has turned bearish, while an ADX reading of 17.73 signals weak trend strength. The Federal Reserve decision and CLARITY Act vote could keep volatility elevated. Ethereum price falls back below $2,500 According to data from crypto.news, Ethereum (ETH) price traded near $2,475 on Sept. 15 after dropping approximately 2% over the previous 24 hours. The decline followed a sharp rejection above $2,600, where buyers failed to sustain a breakout. The daily chart shows ETH opening at $2,515.72 before trading between $2,465.60 and $2,520 during the latest session. The token was down 1.65% at the time of writing. Price action remains volatile after ETH climbed above $2,600 during the prior session and quickly surrendered the entire move. The reversal pushed the token below the $2,500 psychological level and back into the consolidation range that has controlled trading since late August. You might also like: Ethereum and Base abandon joint account abstraction standard Crypto trader Daan Crypto Trades described the move as pre-positioning ahead of the U.S. Senate’s CLARITY Act vote and the Federal Open Market Committee meeting. According to the analyst, the initial rally removed leveraged short positions before the decline forced out traders positioned long. The pattern shows traders reducing risk before events that could affect both monetary policy and U.S. digital-asset regulation. Failure to advance the bill could produce another move lower before attention shifts to the Fed decision, Daan added. Weak momentum leaves Ethereum near 4-hour support On the 4-hour chart, ETH has moved below the Bollinger Band midpoint at $2,509.64. The lower band stands at $2,469.41, placing the current price close to its first immediate volatility support. Ethereum price 4-hour chart — Sep. 15 | Source: crypto.newsA break below that band would expose the recent intraday lows and the $2,450 area. Buyers would need to recover the midpoint before attempting another move toward the upper Bollinger Band at $2,549.86. The Average Directional Index is at 17.73. Readings below 20 normally indicate that the prevailing trend lacks strength, meaning ETH could remain range-bound even as short-term swings become sharper. Daily indicators also show fading momentum. The relative strength index has dropped to 56.89 from its recent highs and sits below its moving average of 62.14. ETH is not oversold, leaving room for further downside if sellers retain control. Ethereum price daily chart — Sep. 15 | Source: crypto.newsThe daily MACD line remains positive at 72.86 but has fallen below the signal line at 90.93.