Ethereum (ETH) Price: Bulls Are Watching One Number Very Closely Right Now

TLDR

• ETH climbed back above $2,500 but faces strong resistance at $2,560
• Bitcoin ETFs pulled in nearly $1 billion this month; ETH ETF flows are weaker and less consistent
• Daily active addresses on Ethereum have been falling since August 9 and remain below 500K
• Over 116,000 ETH were withdrawn from exchanges in 48 hours, worth around $300 million
• A breakout above $2,515–$2,560 could open the path toward $2,750, then $3,400, and eventually $4,750

Ethereum has recovered from its summer lows, but it is still struggling to break past key resistance levels while Bitcoin pushes above $82,000. ETH is currently trading around $2,498, up roughly 5% in recent days, with a market cap of $304.85 billion and a 24-hour trading volume of $10.68 billion.

The gap between ETH and BTC performance is becoming harder to ignore. Bitcoin has attracted nearly $1 billion in ETF inflows since the start of the month, helping it reclaim $82,000. Ethereum’s ETF flows have been more patchy, with the highest single-day inflow in September coming in at just $59.3K, ending a 12-session streak that had brought over $1 billion into ETH products.

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