Analyst: Ethereum Could Reach $3,000 on a Weekly Close Above $2,550
- —ETH is trading near $2,507, with support at $2,490 and $2,400 and resistance at $2,510, $2,550 and $2,600
- —Ethereum ETF inflows on September 11 were $216.41 million, with BlackRock's ETHA attracting $148.82 million
- —Cumulative historical inflows into ETH ETFs reached $13.39 billion, with net assets of $16.31 billion (5.28% of ETH's market cap)
- —The 4-hour RSI is 51.77, and MACD points to weakening momentum
Why it matters: A break above $2,550 could open the way to $3,000, but the outcome depends on the Fed meeting on September 15-16 and the CLARITY Act vote.
Source: Blockonomi