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Ethereum traded near USD 2,760 after gaining about 14% over seven days, according to a market snapshot. ETH reached resistance near USD 2,786 but did not clear USD 2,800.
At the same time, US spot Ethereum ETFs drew fresh inflows, while BitMine reported another weekly purchase. Those developments have renewed attention on the ETH price as traders await confirmation of a break above resistance.
US spot Ethereum ETFs recorded USD 270 million in net inflows on September 21, according to figures published by Farside Investors. BlackRock’s ETHA attracted USD 110.1 million, while Fidelity’s FETH drew USD 73 million. The total followed USD 143.7 million of inflows on September 18, ending a run of three trading days with net outflows.
Farside has since recorded another USD 162.2 million for September 22. That extends the inflow streak to three trading days and raises the combined total to USD 575.9 million. Reports that cite two days and roughly USD 413.8 million describe an earlier point in the streak.
The fund figures show demand for ETF shares during those sessions. They do not show how much of ETH’s price gain came from that demand. Ethereum rose alongside other cryptocurrencies, and the available flow data cannot isolate a single cause for its move.
BitMine confirmed on September 21 that it bought 27,562 ETH during the previous week. The company held 5,983,940 ETH as of September 20, or about 4.9% of the reported supply. It aims to own 5%. BitMine also said it had staked 5,067,309 ETH, about 85% of its holdings.
After the update, Lookonchain flagged a 12,500 ETH withdrawal from Kraken that it linked to BitMine. The transfer may indicate another addition, but the company’s confirmed balance predates it. BitMine has not included those 12,500 coins in the cited holdings update, so its reported total remains 5.98 million ETH.
BitMine chairman Tom Lee expects institutions to increase their crypto exposure in the final quarter of 2026. He said such buying ‘could add meaningful upside’ to gains since June 30. His statement describes an expectation rather than confirmed future demand.
The daily chart places initial resistance at USD 2,786, followed by USD 2,894. ETH held above USD 2,700 after pulling back from the first level. The chart also places nearby support at USD 2,626 and USD 2,544, with the 20-day exponential moving average around USD 2,537.
Its relative strength index near 71 shows strong recent momentum alongside a greater chance of short pullbacks.
A technical analysis identified USD 2,775 to USD 2,825 as a possible area of sideways trading. The analyst cited USD 3,050 as an initial upside target and USD 2,560 to USD 2,565 as a level that would raise doubts if ETH fell below it. These are conditional chart readings, not guaranteed prices.
Ethereum also spent time below USD 2,800 during its 2025 rally. This earlier pattern offers context, but it does not set a timetable for 2026. For now, ETF inflows and BitMine’s confirmed purchase accompany a price test that remains unresolved: ETH has approached USD 2,800 without sustaining a move above it.
Also Read: Crypto Prices Today: Bitcoin Crosses USD 87,000, Hits 11-Month High on ETF Inflows
