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Ethereum (ETH) trades at $2,452 in September, positioning the asset to test the $2,438 Fibonacci level that determines the survival of the recent breakout.
The cryptocurrency entered the month after printing its first higher high of the current cycle, a technical milestone that previous rally attempts failed to achieve.
The weekly chart reveals Ethereum breaking a descending trendline that had capped rallies since the August 2025 peak at $4,958. That trendline held for nearly a year before the recent move.
Two weeks prior to the current pricing, Ethereum printed a weekly candle representing a gain of more than 31%, driving price action to new cycle highs.
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