Ethereum

ETH/USDREFERENCE

BTC beta; macro tailwind capped by weaker relative demand

Updated 2026-09-03T10:31:27.773Z

Live price

$2,412 ▼ -2.38%

Open

$2,468

High

$2,475

Low

$2,405

Prev Close

$2,470

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Ethereum confluence

NEUTRAL
62/100 BULLISH · MEDIUM confidence
0Neutral100

Biases

Macro BULLISH
Technical NEUTRAL
AI NEUTRAL

Supporting

  • Fed Policy — Fed funds 4.25% · stance 0.6
  • Real Yields — 10Y TIPS 1.52%
  • DXY — DXY 97.45 · down

Conflicting

  • Geopolitics reading 28 resists the bullish case

Invalidation

  • Real yields reverse against the thesis
  • Ethereum loses key support/resistance
  • A surprise inflation or labour print flips the regime overlay

Scenarios

REFERENCE
Base case 55%
Consolidation 30%
Invalidation 15%
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Key levels

Resistance

$3,720

$3,940

Support

$3,200

$2,900

Invalidation

$2,700

Character

Regime

expansion

Volatility

high

Liquidity

high

Sentiment

55/100

Positioning & narrative

55/100

Neutral — underperforming BTC in this cycle

ETH/BTC continues to fade absent major application catalysts.

AI view

BTC beta; macro tailwind capped by weaker relative demand.

Events that can move Ethereum

DateEventRegionImp.PrevForecast
3 Sept 08:15 ADP Employment Change US medium 142K 150K
4 Sept 13:30 Nonfarm Payrolls — Sep US high 165K 150K
9 Sept 14:00 Consumer Credit US medium 11.4B 9.0B
10 Sept 13:30 CPI YoY — Aug US high 2.9% 2.8%
11 Sept 14:00 FOMC Rate Decision (upper bound) US high 4.25% 4.00%