
ETH briefly reached roughly $2,804 this week before falling back into the upper-$2,600s. That puts Ethereum between support around $2,600-$2,660 and a resistance zone stretching from approximately $2,775 to $2,825.
What makes the setup more interesting is that institutional demand has remained positive even while Price momentum slowed. U.S. spot Ethereum ETFs recorded $270 million of net inflows on Sept. 21, $162.2 million on Sept. 22, $104.5 million on Sept. 23 and another $39.3 million on Sept. 24, according to Farside Investors.
That is roughly $576 million in four sessions, yet ETH is still below this week’s high.
$2,800 Is Still the Level ETH Needs to Beat
Ethereum’s recent technical structure has improved considerably.
ETH previously cleared the $2,500-$2,550 region that had repeatedly stopped earlier advances. It then broke through roughly $2,661, putting $2,800 and eventually $3,000 back into focus.
But the latest attempt above $2,800 failed to hold. Our most recent ETH breakout analysis highlighted the same rejection after ETH slipped back toward $2,660.
That makes the $2,775-$2,825 area the immediate test.
ETF Demand Keeps the $3,000 Scenario Alive
Ethereum’s inability to hold $2,800 would be more concerning if institutional demand were disappearing at the same time.
So far, that has not happened.
The four consecutive positive ETF sessions above suggest investors are still adding exposure even after ETH’s strong rebound. Ethereum exchange supply has also remained historically tight, an issue we previously examined as millions of ETH moved away from exchanges while staking continued absorbing supply.
| $2,600-$2,660 | Main near-term support |
| $2,775-$2,825 | Key resistance |
| $3,000 | Psychological target |
| $3,050 | Higher technical target |
If ETH can reclaim $2,800 and establish support above it, $3,000-$3,050 becomes the next logical zone.
If $2,600 fails instead, the recent breakout structure would weaken and the market could revisit the mid-$2,500s.













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