# Ethereum Price Rises Above 2600 Following ETF Inflow Surge

**Published:** 2026-09-12T11:41:46.813Z  
**Topic:** Ethereum  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/9a2d35ac-abf7-412a-b601-1fbe203d7066

Ethereum price hit $2,665, its highest level since January, as $216 million in ETF inflows and short liquidations fueled a rally despite macro headwinds.

Ethereum climbed above $2,600 on September 11, reaching a peak of $2,665 to mark its highest price level since January [1, 3]. The rally, which saw the asset gain more than 8% in a 24-hour window, was driven by a combination of institutional capital inflows into spot ETFs and a cascade of forced short liquidations [1, 3].

| At a glance | |
|---|---|
| Price | $2,665 (peak) |
| 24h Change | >8% |
| ETF Inflows | $216.41 million |
| Short Liquidations | ~$216 million |

## Institutional flows and market mechanics
The surge in price coincided with a two-week high for Ethereum-backed investment products, which recorded $216.41 million in net inflows on September 11 [3]. BlackRock’s ETHA fund accounted for $148 million of that total, extending a 20-session streak of uninterrupted inflows [1, 3]. This institutional demand arrived as investors shifted capital away from Bitcoin ETFs during the same session [1]. 

The price move triggered significant volatility in the futures market, with roughly $216 million in short positions liquidated over 24 hours [3]. This liquidation event helped push Ethereum past the $2,549 level, a threshold that technical analysts had previously identified as a key resistance point with a 62% probability of further upside if cleared [1]. Despite the breakout, open interest in Ethereum futures dropped by 1.5 million ETH to 12.5 million ETH as traders exited positions [3].

## Macro pressure and technical outlook
The rally persisted even as macroeconomic data signaled potential tightening by the Federal Reserve. Following a core CPI reading of 0.3% for the month—which exceeded the 0.2% forecast—Goldman Sachs revised its outlook to expect a 25 basis point rate hike at the September 16 FOMC meeting [3]. Market pricing for such a hike reached 88% on the CME FedWatch tool, yet Ethereum maintained its momentum, outperforming Bitcoin’s 2.7% gain and Solana’s 5.3% advance during the same period [1, 3].

Technical indicators currently present a mixed outlook. While the MACD signals bullish momentum, the ADX remains neutral, indicating limited trend strength [1]. Support is currently established near $2,453, a level that served as the lower boundary of the asset's trading range prior to the breakout [1].

## What to watch
*   **FOMC Meeting:** The September 16 Federal Reserve decision on interest rates, with current market pricing showing a 79% to 88% probability of a 25 basis point hike [1, 3].
*   **Technical Support/Resistance:** Whether the price can sustain its position above the $2,549 level or if it retreats toward the $2,453 support floor [1].
*   **Glamsterdam Upgrade:** Developments regarding the Sepolia testnet fork, tentatively scheduled for September 28, which aims to introduce parallel transaction processing and lower fees [2].

Whether Ethereum can maintain this momentum depends on whether the current ETF demand proves durable enough to offset the potential impact of a Federal Reserve rate hike. Market participants remain focused on whether the asset can consolidate above its recent breakout point to target higher resistance levels between $2,800 and $3,400 [3].

## Sources
1. Analyticsinsight — [Ethereum Surges Above USD 2,600 as ETF Inflows, Short Liquidations Fuel Rally](https://www.analyticsinsight.net/news/ethereum-surges-above-usd-2600-as-etf-inflows-short-liquidations-fuel-rally)
2. ad-hoc-news — [Ethereum's Weekend Pullback Tests a Rally Built on Record ETF Demand](https://www.ad-hoc-news.de/boerse/news/unternehmensnachrichten/ethereum-s-weekend-pullback-tests-a-rally-built-on-record-etf-demand/69990082)
3. Coincentral — [Ethereum (ETH) Price: ETH Ignores Rate Hike Fears and Hits Highest Level Since January - CoinCentral](https://coincentral.com/ethereum-eth-price-eth-ignores-rate-hike-fears-and-hits-highest-level-since-january)

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Cite as: TrendWatcher, "Ethereum Price Rises Above 2600 Following ETF Inflow Surge", https://www.trendwatcher.in/article/9a2d35ac-abf7-412a-b601-1fbe203d7066