[Digital Today reporter Hyeonwoo Chu (추현우)] Ethereum has rebounded more than 55% from its June low, extending a strong third-quarter trend. According to blockchain media outlet U.Today on Sept. 13, Ethereum is trading around $2,492 after dropping to about $1,600 in June and has recovered all major moving averages.

The technical structure of the daily chart has also changed. Ethereum had stayed below key moving averages, but it has recently moved above all of them. The strongest part of the rally came in August. After moving sideways for several weeks around $1,850 to $1,950, Ethereum broke above $2,000 and quickly rose into the $2,400 to $2,500 range. Trading volume also increased sharply in the process, adding to the technical significance of the breakout.

Since then, Ethereum has not quickly given back its gains and has been moving in the $2,400 to $2,550 range. After the sharp August rise, it is in a pause while holding prices above the previous breakout level.

The moving-average structure has also improved. Short-term moving averages are rising from below the price, and the $2,350 to $2,400 zone has been presented as immediate dynamic support. Many long-term moving averages are formed in the $2,180 to $2,250 zone. Ethereum was below these long-term moving averages for most of 2026 but has recently regained them.

Still, upward momentum has slowed somewhat. The relative strength index rose into overbought territory at the time of the August breakout, but it has now slipped to the mid-50s. That suggests the overheating from the initial surge has largely eased, but short-term buying has also weakened somewhat.

The next resistance zone is $2,550 to $2,650. Ethereum has repeatedly failed to settle above $2,500. A strong break above that range could open room for additional gains to $2,700 and $3,000.

On the other hand, the $2,350 to $2,400 support zone is seen as key to maintaining this third-quarter rising structure. As long as it holds, the bullish trend formed during the third quarter could continue. This move stands out because the recovery of moving averages and an increase in volume appeared together, rather than a simple price rebound. Whether the third-quarter strength continues is expected to be decided by a break above $2,500 and whether support at $2,350 to $2,400 holds.