Ethereum (ETH) is searching for direction on the 3rd as it battles over the $2,400 level. During the session, it once approached $2,430 before being pushed back to the $2,350 range, showing a relatively wide price fluctuation.

■ Down 0.25% around $2,400… Daily high-low gap exceeds $70

As of September 3, 2026, Ethereum is trading at $2,400.53 on the Binance spot market. This is 0.25% lower compared to the 24-hour opening price of $2,406.60.

Over the same period, the 24-hour high was recorded at $2,429.00 and the low at $2,356.41. With the gap between the high and low exceeding $70, a fierce clash between buying and selling pressure is evident in the short term.

Trading volume is also considerable. Over the same period, volume stood at approximately 279,000 ETH, with a trading value of about 669 million USDT.

■ Whether $2,400 holds is a short-term watershed

At the current price level, whether Ethereum can settle above the $2,400 line could serve as one of the benchmarks for gauging the short-term trend.

It is worth noting that buying pressure flowed back in near the intraday low of $2,356. However, it should also be noted that the rally was halted near $2,429.

Going forward, volatility could expand depending on the movement of major cryptocurrencies including Bitcoin (BTC), market liquidity, and risk asset investment sentiment. In particular, given the widened short-term price swings, the key question is whether further battles around the $2,400 level will continue.

[※ This article was written for the purpose of providing information about the cryptocurrency market and does not recommend the purchase or sale of any specific virtual asset or guarantee investment returns. Price forecasts, support/resistance levels, and target prices mentioned in the article are scenarios based on technical analysis by market participants and may unfold differently from actual price movements. Cryptocurrencies are high-risk assets with extreme price volatility, and you may lose part or all of your invested principal. Investment decisions and their associated responsibilities rest with the investor, so please thoroughly review market conditions and relevant information before investing. This article was written with AI assistance.]