Ethereum price is trading below $2,500 today, sitting near $2,492 and down about 1.1% on the day. Traders are watching two big events this week that could move the Ethereum price forecast out
Ethereum price is trading below $2,500 today, sitting near $2,492 and down about 1.1% on the day.
Traders are watching two big events this week that could move the Ethereum price forecast outlook in either direction — and this Ethereum News Today roundup breaks down what matters most.
The first is a vote on the Clarity Act. The second is the Federal Reserve's FOMC rate decision. Both could shake up the wider crypto market in the coming days.
ETH price is changing hands around $2,492.10, down roughly 1.12% at the time of writing. The market cap sits near $304.63 billion, with circulating supply at 122.05 million ETH.
Futures volume over the past 24 hours came in at $52.73 billion, while open interest stands at $32.69 billion. Options volume reached $2.16 billion, with options open interest at $7.66 billion.
The long/short ratio is fairly balanced at 1.006. But liquidation data tells a different story. Roughly $129.26 million was liquidated in 24 hours, and short sellers took the bigger hit at $91.70 million versus $37.56 million in long liquidations.
This suggests some traders bet against $ETH and got caught out, even as the broader price stayed flat to slightly lower — a notable ETH news headline heading into this week's catalysts.
Polymarket odds on the Clarity Act (H.R. 3633) becoming law in 2026 have dropped sharply, falling from around 30% to just 18% as of this week. That is a steep decline in trader confidence.
A slighter chance of passage could limit near-term upside for crypto tied to clearer U.S. regulation. Still, the vote itself remains a key catalyst that traders are watching closely for the next Ethereum price prediction update.
The Federal Reserve meets on September 16, 2026, for its rate decision. According to rate probability data, 93.6% of analysts expect a 25 basis point move, with only 6.4% expecting no change.
If the Fed sticks to its expected path, markets have likely already priced this in. A surprise delay or different outcome could cause sharper short-term swings in Ethereum price action alike.
As per Santiment data, Exchange balances keep shrinking. Roughly 140,000 coins, worth about $350 million, left exchanges over the past 96 hours alone.
Zooming out, total $ETH held on exchanges now sits at 6.06 million, down from 22.9 million at the June 2020 peak. That is a 73% drop in easily sellable supply over the years.
Less $ETH sitting on exchanges generally means fewer coins ready for quick sales. Analysts say this shrinking supply is being pulled into staking, ETF products, and long-term holding strategies — a bullish undertone for Ethereum News watchers.
BitMine added another 27,180 ETH to its holdings last week, pushing its total stash to 5.95 million $ETH. That is close to 4.9% of the entire circulating $ETH supply held by one company.
Spot Ether ETFs also pulled in $121 million in net inflows recently, led by BlackRock's ETHA fund with $80.50 million alone — more good news for institutional demand.
Ethereum's base layer had a strong quarter on paper. Token Terminal data shows Ethereum L1 processed 203.9 million transactions in Q2 2026, up 68.4% year over year, with average throughput hitting a record 25.9 transactions per second.
The ETH staking rate climbed to a record 32%, and the number of ETH-holding addresses reached 312.1 million, also an all-time high. Onchain fees rose 31.6% to $52.5 million, and token burn revenue jumped 112% to $17.1 million.
Monthly active users, however, fell 30% quarter over quarter to 9.2 million. Ethereum and Base also parted ways on account abstraction standards after talks around EIP-8130 and EIP-8141 broke down, which could affect wallet experience across networks going forward.
On the daily chart, Ethereum price is consolidating near the top of a bull flag pattern. Price is holding above the 20-day EMA near $2,444, which keeps the short-term structure leaning bullish.
The Relative Strength Index sits at 58.59, still in bullish territory without being overbought.
Level Type
Price Zone
What It Means
Resistance
$2,520 – $2,550
A break above could trigger the next leg up
Target 1
$2,750 – $2,800
Initial upside target if resistance clears
Target 2
$3,400
Larger target if $2,800 breaks with volume
Support
$2,440
Loss of this level weakens the bullish setup
Downside Zone
$2,270 – $2,150
Possible pullback area on a breakdown
A daily close back below $2,440 would weaken this ETH price prediction setup and could open the door to a deeper pullback toward $2,270 to $2,150.
This week carries real weight for the Ethereum price prediction outlook. The Clarity Act vote, the FOMC decision, shrinking exchange supply, and continued institutional buying are all pulling on ETH price from different directions.
The technical setup still favors buyers as long as Ethereum price holds above $2,440. But with macro catalysts stacked in one week, volatility should be expected either way — stay tuned for more Ethereum News Today as this develops.
This article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets are highly volatile and carry significant risk of loss. Prices mentioned are subject to change, and past performance does not guarantee future results. Always do your own research and consult a licensed financial advisor before making investment decisions.
