Ethereum price rises towards $2.520 ahead of FOMC decision

Ethereum is trading around $2.500 on 14 September 2026, a rise of 1.4% over the past 24 hours. Despite repeated downward wicks that keep sweeping liquidity below recent bottoms, the price is moving higher on balance. With Wednesday’s FOMC decision in prospect, analyst DaanCrypto expects significant price moves in the coming days.

Ethereum is available at OKX and Bybit.

In brief:

• Ethereum rises 1.4% to around $2.500, but the price shows repeated downward wicks
• Analyst DaanCrypto sees a pattern that usually ends in a genuine breakout
• Wednesday’s FOMC interest rate decision is driving positioning on both sides of the market

Price moves higher despite downward wicks

On Ethereum’s five-minute chart a clear pattern is visible: the price is repeatedly pushed down briefly, sweeping liquidity below recent support levels, but then climbs back up each time. In the market this is also known as a liquidity sweep.

DaanCrypto states that charts like this usually end with a genuine breakout. The same applies to the reverse scenario: when the price creeps lower, a sharp downward move eventually follows as well. For now, the direction points upwards.

FOMC meeting sets the tone for the rest of the week

On Wednesday the Federal Reserve meets and decides on interest rates. That draws the attention of investors in both traditional markets and the crypto market. According to DaanCrypto, traders are already positioning themselves on both sides of the market, which could make the run-up to Wednesday volatile.

Earlier this week Ethereum long positions were already liquidated in the run-up to the FOMC decision, which shows how sensitive the market currently is to macroeconomic signals. Whether the price breaks through above the recent tops on a breakout or instead falls back depends partly on what Fed Chair Jerome Powell announces on Wednesday.