• Ether's price surge in September faces a challenge in maintaining its position above the $2,600 resistance level, despite a 15.1% gain between September 18 and 23.

• Recent macroeconomic data indicating economic weakness has fueled a rally in the stock market, driving demand for short-term government bonds and creating expectations for a bullish momentum in the upcoming $2.78 billion monthly Ether options expiry on September 27.

• Ether's price increase is attributed to a cut in US Federal Reserve interest rates, leading to an all-time high for the S&P 500 index on September 24. Concerns about the economy's health, evident in the drop of the S&P Global Manufacturing PMI, have further contributed to the demand for Ether as a scarce asset.

• The upcoming options expiry presents a crucial moment for Ether bulls to push the price back towards the $3,000 mark, as they hold a slight advantage in call options targeting prices of $2,700 or higher. Show Less