Ethereum · 2026-09-16

That day's view: Yesterday ETH closed at $2418.26 USD, opened at $2398.26, high $2430.64, low $2369.11, rebounding 0.83% for the day, showing a narrow-range oscillation and repair structure on FOMC meeting day; 24-hour trading volume was 321,896 ETH, down 27% from the previous day's 442,621 ETH with synchronized volume contraction, as the market entered a wait-and-see mode; average funding rate +0.00027%, officially turning positive from -0.00302% on 9/15 (flip date noted), which is a typical neutral funding rate return signal accompanied by short position liquidation; OI dropped from 2,314,780 to 2,307,460, down 0.32%, with price rising while open interest declining, combined with funding turning from negative to positive, forming a textbook (c) short covering signal: short-term shorts actively covered positions ahead of the FOMC meeting expectation, not new buying pushing prices up; FGI reported 51, sharing a neutral signal with BTC, having significantly cooled from 69 on 9/15, with sentiment reset already completed. Comprehensive judgment: this rebound is a short-covering type repair with low open interest and neutral funding rate return, with limited strength and sustainability; on key levels, watch for $2450 resistance and $2500 medium-term resistance above, support below at $2350 integer level and $2300 previous accumulation zone, if hawkish FOMC the lower bound is likely to break; on the event front, closely watch Powell's speech on 9/17 for secondary repricing of risk assets, and whether ETH/BTC exchange rate can stabilize as this relative strength indicator.