ETH Price Hits Two-Week High Amid Surging ETF Inflows and Hawkish Fed Outlook

Ethereum's price reached $2,665 on September 11 as inflows to ETH ETFs surged. This surge in inflows was despite Goldman Sachs' warning that the Federal Reserve may hike rates at the upcoming FOMC meeting.

Data from SoSoValue shows that Ethereum ETF inflows hit a two-week high of $216.41 million on September 11, with BlackRock's Ethereum Trust recording the highest inflows of $148 million.

Goldman Sachs analyst Jonathan Shugar believes that risk assets may still gain even if the Fed hikes rates by 25 basis points to tame inflation.