Ethereum Price Surge: Bulls Eyeing $2,672 and Beyond

Ethereum's price prediction for September 22 is bullish, according to recent market trends. The cryptocurrency has cleared the 0.5 Fibonacci level at $2,447 and is pushing towards the 0.618 Fibonacci level at $2,672.

This level marks Ethereum's ceiling since before this year's crash, but if it breaks through, ETH could trade at levels not seen since January. The chart supports this move, with every major EMA (moving average) sitting below the price and rising.

On-chain analyst Willie Woo stated that ETH buying has built steadily since February and sellers are largely spent, while trader Kevin Olirri now expects different sectors to standardize on different chains.

The market is also seeing institutional buying, with BlackRock's public wallet addresses reportedly showing a $1.5 billion Ethereum purchase. Additionally, US spot ETH ETFs have seen inflows, adding $143.80 million on September 18.