Ethereum price is trading near $2,675.94, down 0.47% in the last 24 hours, as traders monitor whether consolidation near the $2,700 level can lead to another breakout attempt. The asset remains above its key 20-day exponential moving average of $2,604.39, with the 50-day, 100-day, and 200-day EMAs positioned at $2,426.84, $2,265.83, and $2,259.76 respectively. MACD data shows short-term momentum cooling, with the histogram at -3.00. Trader Ali Charts noted the setup on lower timeframes, stating “$ETH appears to be forming a bull flag” and identifying $2,640 as critical support. ETF inflows have remained positive, with the most recent figure of $86.95 million on September 25, contributing to cumulative total net inflows of $13.94 billion.
Ethereum price is lingering near $2,700, trading at $2,675.94 as of press time, down 0.47% over the last 24 hours. The price continues to sit above its key exponential moving averages, keeping the broader trend intact.
On the daily chart, ETH is above its 20-day EMA of $2,604.39, with the 50-day, 100-day, and 200-day EMAs at $2,426.84, $2,265.83, and $2,259.76. ETH recently climbed toward the $2,800 zone before easing back.
The MACD has softened, with the histogram at -3.00 and the MACD line at 85.75 beneath the signal line at 88.75. This points to short-term momentum cooling off.
Data from Ali Charts points to $2,640 as a key support level, with $2,700 flagged as the next level to watch. An hourly close above $2,700 could pave the way toward $3,000 according to the analysis.
Derivatives data from CoinGlass shows Ethereum open interest has stayed elevated, reaching roughly $30 billion in recent sessions. Trading volume has remained active, with recent daily figures between $40 billion and $80 billion.
Spot Ethereum ETF data indicates net inflows have persisted, with the most recent figure of $86.95 million for September 25. The largest recent inflow came on September 21 at $269.98 million, bringing cumulative total net inflows to $13.94 billion.
The $2,640-$2,700 zone remains key for the next directional shift. ETF inflows add market context while high derivatives activity shows considerable engagement.
