Ethereum holds near $2,667 as ETF inflows extend to five days

Ethereum (ETH) is trading around $2,667 after retreating from the $2,800 region. The cryptocurrency remains above key technical levels, but the recent pullback raises questions about the durability of its short‑term rally.

Technical landscape

Key support sits at $2,540, coinciding with the 4‑hour 100‑period moving average and a former breakout resistance zone. ETH stays above the 20‑day Bollinger Band midpoint ($2,557.52) and the Bull‑Bear Power (BBP) indicator remains positive at roughly +124.67, indicating buyer advantage. The upper Bollinger Band is near $2,781.85, while the lower band sits around $2,333.18.

ETF inflows

U.S. spot Ethereum ETFs recorded net inflows of $66.01 million on September 24, extending a five‑session streak. BlackRock’s ETHA contributed $26.8 million, Fidelity’s FETH $21.5 million, and Grayscale’s Ethereum Mini Trust $17.8 million. Over the five‑day run the funds accumulated $746.5 million.

Exchange flows

Ethereum exchange netflows shifted from a net deposit of +138,174 ETH on September 18 to a net withdrawal of –138,247 ETH on September 23, indicating outflows as price retreated from the recent high. At the same time, Binance stablecoin inflows surged, averaging $107.98 million per day in the week ending September 23.

Potential upside and downside

The immediate upside target is the $2,781–$2,800 band; a break above could open the path to $3,000 and higher resistance zones around $3,200. Analysts note conditional targets up to $3,391 if ETH holds $2,540 and clears $2,800. On the downside, heavy long positions could trigger liquidations if support fails, with liquidation bands identified near $2,650, $2,630 and $2,700.

Market snapshot

At the time of writing ETH is down 0.78 % over 24 hours but up 7.90 % over seven days, with a market capitalization of approximately $326.3 billion.