Ethereum is trading near $2,478 as market participants weigh a potential triangle breakout on the 12-hour chart and a surge of institutional inflows into U.S. spot Ethereum ETFs. According to analyst Ali Charts, the last comparable triangle breakout sent ETH up 31% in three days, and a similar move could push the price toward $3,000.
On September 11, Ethereum ETFs recorded $216.41 million in net inflows, led by BlackRock’s ETHA with $148.82 million. Bitwise’s ETHW added $29.09 million, BlackRock’s ETHB contributed $18.32 million, and Fidelity’s FETH drew $11.40 million. Grayscale’s ETH fund and VanEck’s ETHV posted smaller inflows of $5.09 million and $3.71 million, while Grayscale ETHE and Franklin EZET saw no new inflows. Total historical inflows reached $13.39 billion, with net assets at $16.31 billion — about 5.28% of Ethereum’s market capitalization.
Technically, Ethereum has cleared the $2,300–$2,400 resistance zone, which analysts now view as key support. The four-hour RSI sits at 51.77, while MACD momentum is weakening, with the MACD line at 81.68 below its signal line of 99.69. The mid Bollinger Band is near $2,470, with upper and lower bands at $2,543 and $2,396. A move above $2,550 would put the recent $2,600 high back in focus, while a drop below $2,490 could open the door toward $2,400.
Analyst Wealthmanager noted that Ethereum has already broken higher time-frame resistance, unlike Bitcoin at its $82,000–$83,000 range, and sees ETH reaching $3,000 before a possible pullback to $2,300. Daan Crypto Trades added that much of the recent move was driven by perpetual futures, and the washout of open interest may reduce leverage pressure. The Federal Reserve meeting scheduled for September 15–16 is also being watched for interest-rate signals that could affect risk assets.
