Ethereum Reclaims $2,400 as ChainSpin Presale Gains Momentum

Ethereum's price has reclaimed $2,400 after trading as high as $2,429 on September 3. This recovery comes on the heels of a strong August run that pushed Ethereum toward $2,500 before sellers forced a pullback.

ETF flows remain an important part of the price prediction. Farside Investors recorded $87.6 million of net inflows on August 31 and $8.6 million on September 1, but then saw a $48.2 million net outflow on September 2.

The immediate challenge for bulls is turning $2,400 from a contested level into support. A sustained break toward $2,500 could reopen the late-August highs, while clearing that area would put higher recovery targets back into play.