Ethereum traded near $2,506 on September 13 as analyst Ali Charts pointed to a forming triangle pattern that could send the price to $3,000. Ethereum ETFs pulled in $216.41 million in net inflows on September 11, led by BlackRock's ETHA. ETH faces resistance at $2,550, with a drop below $2,490 opening the door to the $2,400 support level.
Ethereum price traded near $2,507 as analyst Ali linked a possible $3,000 rally to a weekly close above $2,550. Bitcoin hovered near $77,329, with XRP around $1.36 and Solana trading near $101.19.
Analysts eye a triangle breakout toward $3,000
Crypto analyst Ali Charts says Ethereum is forming a triangle on the 12-hour timeframe, with the pattern bringing a potential shift to $3,000 into focus. Ali Charts pointed to an earlier triangle breakout that preceded a 31% gain in three days.
According to Ali Charts: "The last triangle breakout sent Ethereum surging 31% in just three days." The analyst suggested another breakout could produce a similar rally, though a decline below the emerging support would be a negative blow to the formation. The target is not a certain price prediction, but a possibility.
ETF inflows top $216 million, led by BlackRock's ETHA
On September 11, Ethereum ETFs received net inflows of $216.41 million, according to SoSoValue data. BlackRock's ETHA led with $148.82 million, while Bitwise's ETFW added $29.09 million.
BlackRock's ETHB brought in $18.32 million, and Fidelity's FETH added $11.40 million. Grayscale's ETH fund drew $5.09 million and VanEck's ETHV received $3.71 million, while Grayscale's ETHE and Franklin's EZET recorded no new inflows.
Total historical inflows stand at $13.39 billion, with net assets of $16.31 billion, equal to 5.28% of Ethereum's market capitalization. The funds traded $2.56 billion in volume during the September 11 session.
Ethereum holds near $2,500 as momentum cools
ETH traded at $2,506 on the September 13 four-hour chart, up 0.73% during the current candle. Price has moved mostly sideways since the end of August, after surging from lows around $2,000.
An upward spike toward $2,600 on September 11 was erased, and the price returned to close to $2,500. The MACD line stood at 6.47, below its signal line of 9.24, with a histogram of -2.76 pointing to weakening upward momentum, while the RSI measured 51.77, just above the neutral 50 level.
A rise beyond $2,510 would put the $2,550 resistance zone back into focus, then the recent high near $2,600. A drop below $2,490 might open the door to the next support near $2,400.
Investors are also watching the Federal Reserve's September 15-16 meeting and a September 15 procedural Senate vote on the CLARITY Act.
Source: CoinGape
Trading involves risk.
Risk Disclaimer
