Ethereum Eyes Critical Resistance at $2,560 Amid Bitcoin's Price Surge

Ethereum's price has recovered from its summer lows but continues to face significant resistance around $2,560. The cryptocurrency is trading near $2,498 and has posted a 5% gain over recent sessions.

The divergence between Ethereum and Bitcoin market strength remains, with Bitcoin capturing almost $1 billion through ETF channels since the month began, pushing its price above $82,000. In contrast, Ethereum's ETF channels have shown inconsistent patterns, with September's peak single-day inflow registering only $59.3K.

Exchange wallets shed over 116,000 ETH within a 48-hour window, totaling nearly $300 million in value, according to market observer Ali Charts. This reduction in available exchange inventory may create conditions for a potentially significant Ethereum price movement.