Summary
Ethereum (ETH) was US$2580.13, down 2.21% over 24h, per CoinMarketCap's own page data. CMC AI's price-analysis TLDR: Ethereum is down 1.83% to $2,576.80 in 24h, underperforming a slightly softer broader market primarily driven by a cooldown following a strong weekly rally and shifting ETF flows. It shows a strong correlation (45.2%) with the S&P 500, indicating a macro-driven move. 1. **Primary reason:** Broader market pullback and ETF flow reversal, as Ethereum followed Bitcoin's dip and saw its spot ETF inflows turn to weekly outflows. 2. **Secondary reasons:** Technical rejection near key resistance and sector rotation pressure, with the Altcoin Season Index falling 6.38%. 3. **Near-term market outlook:** If ETH holds above the 50-week MA near $2,542, it could retest the $2,672 resistance; a break below risks a drop toward $2,450. Watch for the weekly close on September 20 and the Glamsterdam testnet fork on October 6.