Reserve

BlackRock

bullish

Ethereum

<h3 id="key-highlights">Key Highlights</h3>
<ul>
 <li>Ethereum climbed beyond $2,600, marking its strongest performance since January</li>
 <li>Short sellers faced $216 million in forced liquidations within a 24-hour period</li>
 <li>ETF products tracking Ethereum recorded $216.41 million in net inflows on September 11, a two-week peak</li>
 <li>Goldman Sachs revised its forecast to anticipate a 25 basis point interest rate increase at the September 16 Federal Reserve meeting</li>
 <li>Market analysts project ETH may climb to $2,800–$3,400 if current support zones remain intact</li>
</ul>
<p>On September 11, Ethereum climbed above the $2,600 threshold, momentarily reaching $2,665 before settling back to approximately $2,510. This price movement followed the publication of US Consumer Price Index figures, which revealed inflation increased by 0.4% on a monthly basis and 3.4% year-over-year, matching market forecasts.</p>
<figure style="width: 100%" class="wp-caption aligncenter"><img src="https://blockonomi.com/wp-content/uploads/2026/09/chart-43.webp" alt="Ethereum (ETH) Price" width="1824" height="1248">
 <figcaption><a href="https://www.coingecko.com/en/coins/ethereum?chart=type%3Dprice%26mode%3Dline%26timeframe%3Dd7" rel="noopener noreferrer nofollow">Ethereum (ETH) Price</a>
 </figcaption>
</figure>
<p>The core inflation metric, excluding volatile food and energy components, registered a 0.3% monthly increase—exceeding the anticipated 0.2%. This stronger-than-expected reading prompted Goldman Sachs to adjust its forecast, with analysts now projecting a 25 basis point rate increase by the Federal Reserve during its September 16 policy meeting. According to CoinGape prediction markets, there’s a 79% likelihood of such a hike materializing.</p>
<p>Yet despite these macroeconomic headwinds, Ethereum not only maintained its position but advanced further. The upward momentum left numerous bearish traders exposed.</p>
<p>Cryptocurrency market analyst Ash Crypto shared on X that ETH had successfully escaped a 21-day bullish ascending triangle pattern, commenting: “If this level holds, we can see $2,800–$3,400 next.” This technical breakout intensified the optimistic sentiment among market participants.</p>
<div class="embed-x">
 <blockquote class="twitter-tweet">
  <p><a href="https://x.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> just broke out of a 21-day bullish ascending triangle consolidation.</p>
  <p>If this level holds, we can see $2,800-$3,400 next. <a href="https://t.co/sULMGv6k9o" rel="noopener noreferrer nofollow">https://t.co/sULMGv6k9o</a><a href="https://t.co/PgT1QvStRr" rel="noopener noreferrer nofollow">pic.twitter.com/PgT1QvStRr</a></p>
  <p>— Ash Crypto (@AshCrypto) <a href="https://x.com/AshCrypto/status/2098420693939728690?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 11, 2026</a></p>
 </blockquote>
</div>
<p>Data from Coinglass indicates that the price spike resulted in approximately $216 million worth of short position liquidations across a 24-hour window. The most substantial single liquidation occurred on Hyperliquid, valued at nearly $20.3 million. Meanwhile, ETH open interest declined to 12.5 million ETH, representing a decrease of 1.5 million for that day.</p>
<h3 id="etf-products-see-strongest-demand-in-two-weeks">ETF Products See Strongest Demand in Two Weeks</h3>
<p>Exchange-traded funds focused on Ethereum attracted $216.41 million on September 11—representing the strongest single-day inflow since August 27. The BlackRock Ethereum Trust (ETHA) dominated with $148 million in net contributions. The Bitcoin Ethereum ETF followed with $29 million in inflows.</p>
<div class="embed-x">
 <blockquote class="twitter-tweet">
  <p>Bitcoin ETFs See $13.29M Net Outflows on September 11 (ET), Extending Outflow Streak to Four Days; Ethereum ETFs See $216M Net Inflows</p>
  <p>According to SoSoValue data, U.S. spot Bitcoin ETFs recorded total net outflows of $13.29 million on September 11 (ET), marking the fourth… <a href="https://t.co/nkDVAk5opU" rel="noopener noreferrer nofollow">pic.twitter.com/nkDVAk5opU</a></p>
  <p>— Wu Blockchain (@WuBlockchain) <a href="https://x.com/WuBlockchain/status/2098627959250890930?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 12, 2026</a></p>
 </blockquote>
</div>
<p>Combined trading volume across all Ethereum ETF products exceeded $2.56 billion, approaching Bitcoin’s daily volume of $2.6 billion. Ethereum stood alone among major cryptocurrency investment vehicles in recording positive flows, while Bitcoin and Solana-based products experienced net outflows.</p>
<p>Goldman Sachs analyst Jonathan Shugar indicated that risk-oriented assets might still appreciate despite a potential rate increase, potentially explaining the sustained institutional appetite for ETH products.</p>
<h3 id="large-holder-movement-and-critical-price-zones">Large Holder Movement and Critical Price Zones</h3>
<p>Market analyst Ali Martinez highlighted on X that approximately 10 million ETH had changed hands within the $2,700–$2,800 price band, characterizing it as a significant supply barrier. He indicated that large holders would need to drive prices beyond this zone to establish a path toward $3,000. Martinez further observed that Ethereum transactions exceeding $1 million in value increased by 14% on September 11, signaling heightened whale participation.</p>
<div class="embed-x">
 <blockquote class="twitter-tweet">
  <p>4/5 Despite the sharp rally, Ethereum is now approaching major resistance.</p>
  <p>More than 10 million <a href="https://x.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> were previously traded between $2,700 and $2,800, creating a significant supply wall.</p>
  <p>This is the key range that whales must break to allow Ethereum to rise to $3,000. <a href="https://t.co/ymvjLHF0Qc" rel="noopener noreferrer nofollow">pic.twitter.com/ymvjLHF0Qc</a></p>
  <p>— Ali Charts (@alicharts) <a href="https://x.com/alicharts/status/2098547799495201189?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 11, 2026</a></p>
 </blockquote>
</div>
<p>Analyst Ted Pillows forecasted that a weekly candlestick closing above $2,550 might propel ETH toward the $3,000 level.</p>
<p>From a technical perspective, ETH continues trading above its 20-, 50-, 100-, and 200-day exponential moving averages. The Relative Strength Index hovers around 63–64, reinforcing the bullish case. Primary resistance zones are located at $2,626 and $2,786. Support levels appear at $2,431, with additional cushions near $2,235 and $2,182.</p>
<p>A sustained daily close above $2,516 could clear the way toward the $2,700–$2,800 supply concentration, with the 161.8% Fibonacci extension target positioned at $3,100.</p>
<p>The post <a href="https://blockonomi.com/ethereum-eth-price-soars-past-2600-despite-federal-reserve-rate-hike-concerns/" rel="noopener noreferrer nofollow">Ethereum (ETH) Price Soars Past $2,600 Despite Federal Reserve Rate Hike Concerns</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.</p>

Ethereum (ETH) Price Soars Past $2,600 Despite Federal Reserve Rate Hike Concerns

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