Ethereum Faces $2,800 Supply Wall After ETF Inflows Jump To $216M

Ethereum (ETH) rose above $2,600 as spot ETF inflows hit a two-week high, even while Goldman Sachs flagged the risk of a Federal Reserve rate hike.

Key Points:

• U.S. spot Ethereum ETFs drew $216.41 million on Sep. 11, their strongest daily inflow since Aug. 27.
• ETH briefly reached $2,665, while analysts identified $2,700 to $2,800 as the next major supply zone.
• A possible 25-basis-point Fed hike remains a macro risk, but analysts still see a path toward $3,000.

Ethereum ETF Inflows

Ethereum briefly touched $2,665 on Sep. 11 after U.S. inflation data matched headline expectations and demand for spot ETH exchange-traded funds accelerated. The token later traded near $2,515, up about 2%.

SoSoValue data showed the funds attracted $216.41 million in net inflows, the highest daily total since Aug. 27. BlackRock’s ETHA led with about $148 million, while the second-largest fund inflow was roughly $29 million.

Ethereum funds were also the only major crypto ETF category in the report to record inflows, while Bitcoin (BTC) and Solana (SOL) products posted outflows and XRP (XRP) funds were flat. Total Ethereum ETF trading volume reached about $2.56 billion, close to the roughly $2.6 billion recorded by Bitcoin funds.