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. According to data from cryptonews, Ethereum 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 rally resumes or gives way to a deeper correction. 
ETH remains above the 78.6% Fibonacci retracement level at $2,340, which now serves as the main higher-timeframe support. Holding above that level would preserve most of the structure created by the August breakout. However, momentum has weakened considerably. The daily moving average convergence divergence indicator is close to producing a bearish crossover. The MACD line stands at 143.58, only slightly above the signal line at 143.46, while its histogram has narrowed to almost zero.
