Ethereum Price Approaches Resistance Level Amid Strong ETF Inflows

Ethereum's price has been steadily climbing, and experts predict it may reach as high as $2,800 if it closes above the rising wedge boundary. The current resistance level is at $2,550, but recent data shows Ethereum ETFs have seen significant inflows, with $824.42 million coming in for the week ending August 28, 2026.

BlackRock's ETHA led these inflows with $83.79 million on August 28 alone, and total net assets for all Ethereum ETFs now reach $15.23 billion. This momentum follows a strong August where Ethereum gained 31.1%. The asset has been consolidating within the rising wedge, which some see as a period of preparation rather than reversal.

If Ethereum fails at $2,550 for a third time, the price could fall toward the 200-day EMA at $2,161.32 or the 50-day EMA at $2,100.93. However, if it stays above $2,350 support, the breakout target of $2,800 remains viable.