Ethereum breaks the $2600 mark for the first time in seven months; what happens next?

Ethereum Today's News: Prices rebounded strongly, breaking through key resistance levels

Ethereum's market performance was strong today, with the main headlines focusing on the significant rise in ETH prices. The current Ethereum price is US$2,510.50, an intraday increase of 2.16%. This solid rise is particularly prominent against the backdrop of relatively stable bitcoin prices.

This market did not happen for no reason. As U.S. inflation data moderated, traders responded quickly. In today's Ethereum price update, ETH once hit a seven-month high of $2,600, and then experienced a slight correction. The following is a detailed analysis and forecast of the subsequent price trend of Ethereum.

Inflation data triggered a market rebound

The core driving force of this market is changes in inflation data and short covering. The August Consumer Price Index (CPI) report released on September 11 showed annual inflation at 3.4%, in line with economists 'expectations. This data boosted traders 'confidence, risk appetite rebounded, and the cryptocurrency market rebounded sharply. Among them, Ethereum outperformed Bitcoin, leading the audience.

In addition, part of the increase also stems from the "short position" effect. Traders who were short of Ethereum were caught off guard and were forced to buy and close positions, pushing prices higher further.

BlackRock Ethereum Spot ETF continues to attract gold

BlackRock's spot Ethereum ETF (symbol: ETHB) continued its buying momentum. Although its sister funds ETHA and Fidelity's FETH experienced outflows on the same day, showing a mixed picture, the overall ETF trend remains positive. BlackRock's ETHB has not seen any net outflow days in the past 20 trading days, showing strong buying support.

ETF Buying Activity Indicator Value ETHB Purchases Yesterday's 13.9 million ETHB Total holdings in the past 20 trading days 251.4 million Days of outflow in the past 20 trading days 0 days Spot Ethereum ETF Total net inflow of US$216.41 million BlackRock ETHA inflow of US$149 million Giant whale entered the market. However, resistance above is approaching.

Large wallet addresses have been active recently. Ethereum soared from $2,433 to $2,667 in two hours, a 10% increase. During this period, the number of transactions worth more than $1 million increased by nearly 14%. This suggests that large holders are buying, rather than just retail investors chasing short-term fluctuations.

However, there is a "wall" ahead. Previously, more than 10 million ETH changed hands in the US$2,700 to US$2,800 range, creating a heavy supply area. If Ethereum wants to realistically target the $3,000 mark, it must effectively break through this area.

Chart observation: Current key prices

On the 4-hour chart, ETH broke through the bullish flag pattern, which is often seen as a positive structural signal. Ethereum trading is currently above all major moving averages (20, 50, 100 and 200 EMA), indicating a healthy trend. The RSI index is around 55, indicating good momentum but not overbought.

Type Price Range Strong Support $2,380-$2,400 Short-term Support $2,480-$2,490 Key Resistance $2,540-$2,550 Upward Target 1$2,600 Upward Target 2,650-$2,700 Downside Risk Level $2,438 Deep correction Zone $2,380 If the altcoin can hold 2, At $480 and closing above $2,550 on the 4-hour K line, it is expected to open up space for $2,600 or even $2,650 -2,700. If selling is successfully defended in the $2,540 -2,550 range and the price falls below $2,480, the bullish structure weakens and the price may fall back to $2,438, or even test the deep support of $2,380.

Derivatives data points to bullish bets

Futures and options data show that traders are generally optimistic about the outlook. This part of the data is as important as spot price movements:

• 24-hour futures volume: US$68.95 billion
• Open interest: US$31.51 billion, down 5.62%
• Options volume: US$2.45 billion, up 79.51%
• Binance ETH/USDT long-short ratio: 2.71 (more traders are long)

The liquidation situation is also more severe. The total liquidation amount within 24 hours reached US$312.16 million. Shorts were hit hard, losing $215.38 million, while long liquidating losses were $96.78 million.

The probability of the Federal Reserve raising interest rates jumped to 87%

This is currently the biggest variable in the cryptocurrency market. CME FedWatch data shows that the market expects the probability of a 25 basis point rate hike during the FOMC meeting on September 16, 2026 to be as high as 87.3%, and only the probability of 12.7% remains unchanged. This is a sharp shift, and the probability was only 40.6% a month ago. Normally, raising interest rates will pose a headwind on risky assets such as cryptocurrencies, so this trend needs to be closely monitored next week.

Summary

Ethereum is currently technically strong, above all major moving averages, and ETF inflows provide additional support. However, the road to $3,000 is not smooth. The $2,700 to $2,800 range has accumulated a lot of chips, and the rising probability of a rate hike may cool market enthusiasm.

In the short term, US$2,480 to US$2,550 is the key observation range. If this range can be held, the target of $2,600 to $2,700 will become realistic; if it falls, the price may slide towards $2,380 to $2,400.

The above is the latest Ethereum information as of September 2026. As always, this price forecast is based on current data and the market changes rapidly.

Disclaimer : This article is for reference only and does not constitute financial or investment advice. The cryptocurrency market is extremely volatile and carries significant risks. Prices may fluctuate sharply in a short period of time. Always conduct independent research and consult a licensed financial adviser before making any investment decisions. Past performance does not represent future results.