What to Expect From Ethereum Price in September 2026

Ethereum (ETH) enters September trading at $2,452 after printing its first higher high of this cycle. The $2,438 Fibonacci level now decides whether the August breakout survives.

Ethereum Weekly Chart Confirms the Trendline Break The weekly chart shows ETH breaking the descending trendline that capped every rally since the August 2025 peak at $4,958. That line had held for almost a year. Two weeks ago, Ethereum printed a weekly candle worth more than 31%.

The move produced the first higher high of this cycle, a shift that earlier breakout attempts failed to deliver. ETH weekly chart. Source: TradingView Price is now testing the 0.618 Fibonacci retracement at $2,438.85 as support.

A weekly close above it opens the 0.5 retracement at $2,919.89 as the next objective, roughly 19% higher. The June low also carries weight. It landed inside a demand zone between $1,600 and $1,760 that previously absorbed selling in June 2023, October 2023, and April 2025.