Ethereum (ETH) Price: ETF Money Is Flowing In - Can Institutional Demand Push ETH to $3,000?
TLDR
- Analyst Ali Charts says a triangle breakout on the 12-hour chart could push ETH to $3,000
- Ethereum ETFs pulled in $216.41 million in net inflows on September 11, led by BlackRock’s ETHA at $148.82 million
- ETH broke above the $2,300–$2,400 resistance zone, which analysts now watch as key support
- MACD momentum is weakening, with ETH trading near $2,478 and RSI at 51.77
- A drop below $2,490 could open the door to the $2,400 support level
Ethereum is trading near $2,478 as analysts watch a developing chart pattern that could point toward a $3,000 price target. The crypto market is also keeping an eye on the Federal Reserve meeting scheduled for September 15–16, which could shift expectations around interest rates and risk assets.
Analyst Ali Charts flagged a triangle forming on ETH’s 12-hour chart. The last time a similar triangle broke out, Ethereum surged 31% in just three days. Ali Charts posted on X: “The last triangle breakout sent Ethereum surging 31% in just three days. Now, another triangle is forming. If $ETH breaks out again, a similar move could send it to $3,000.” This is a possibility, not a guaranteed price target.
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