Ethereum falls 1.22% to $2,487.51 as $2,550 weekly level remains key

  • Ethereum fell to $2,487.51 as traders tested the $2,550 weekly resistance level.
  • $216.4 million entered U.S. spot Ether ETFs on September 11.
  • CME FedWatch showed an 87% probability of a quarter-point September rate increase.

Ethereum fell 1.22% to $2,487.51 at 4:40 a.m. ET, extending a 0.38% seven-day decline and pushing below $2,500. The token remained within the $2,400-to-$2,550 range, with a weekly close below $2,550 leaving support near $2,400 and $2,405 exposed. August CPI rose 0.4% monthly and 3.4% annually, while core CPI increased 0.3% monthly and eased to 2.4% annually. Final-demand producer prices rose 0.4% monthly and 5.4% yearly. CME FedWatch pricing showed an 87% probability of a quarter-point September rate increase, up from 72% a day earlier, contributing to firmer Treasury yields and pressure on risk assets. Technical indicators remained classified as neutral, while derivatives data showed more than $1.21 billion in estimated cumulative long exposure below $2,405. U.S. spot Ether ETFs attracted $216.4 million on September 11, reversing the previous day’s $29.9 million outflow and bringing September 8-to-11 inflows to $196.9 million. BlackRock’s ETHA led with $148.8 million, followed by Bitwise’s ETHW at $29.1 million, Fidelity’s FETH at $11.4 million and Grayscale’s Ether fund at $5.1 million. A whale sold 167,855 ETH worth $408 million over five days, while earlier withdrawals reduced exchange balances by 116,000 ETH in early September. An X commentator calculated a 60.62% third-quarter gain through September 13, the second-best Q3 performance after 2025’s 66.55% increase. A weekly close above $2,550 would expose $3,000, while continued rejection would keep $2,405 and $2,400 in focus.

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