ETH Price Breakout Puts Bulls on Notice at $2,500

Ethereum's price has reached a crucial turning point, with bulls targeting $2,800 after a recent range breakout. ETH reclaimed the $2,500 area and saw over 116,000 coins withdrawn from centralized exchanges in just 48 hours.

This supply shift comes alongside continued institutional participation through U.S. spot Ethereum ETFs, which posted more than $215 million in weekly inflows through September 4. The combination of these factors makes the market's next move uncertain.

The chart puts $2,560 in the spotlight as the immediate resistance. A daily close above this level would expose $2,723, $2,822 and potentially lead to a rally towards $2,800. However, failure to clear this zone would leave ETH vulnerable to another range-bound move.