Overview
- Ethereum is trading in the mid-$2,400s with $2,400–$2,430 as near-term support and $2,550 framed as the decisive weekly resistance that would unlock a run toward $3,000.
- U.S. spot Ether ETFs recorded roughly $216.4 million of net inflows on September 11, a strong institutional demand signal led by BlackRock’s ETHA that has boosted onshore buying pressure.
- A large transfer of about 61,847 ETH by market maker Wintermute onto Binance and Coinbase has increased the amount of Ether available to sell on exchanges and raised short-term selling risk.
- Aggregated open interest and trading volume have begun to decline, and analysts say that fading participation raises the odds of a retest of the range low near $2,300–$2,350 if momentum does not return.
- Layered technical supports sit near the rising 20/30/50 EMAs at about $2,426/$2,358/$2,246, and traders note the Federal Reserve meeting on Sept. 15–16 as a key macro event that could quickly swing sentiment either way.