Ethereum Holds $2,438 As September Breakout Test Intensifies

Ethereum (ETH) starts September at $2,452 after printing its first higher high of this cycle, with $2,438.85 now the key level for the August breakout. According to BeInCrypto, a weekly close above that Fibonacci support could open $2,919.89, while failure would expose $2,220 and then $2,000. Analyst Ted Pillows expects more chop before any reversal, after ETH failed again at $2,550. A whale also opened a 10x long worth $102.3 million with liquidation at $2,241.