Ethereum Surges Past $2,600 on Inflation Data and ETF Flows

Ethereum's price surged past $2,600 on September 11, driven by positive inflation data and strong ETF inflows totaling $216.41 million.

This surge caused $216 million in short position liquidations and boosted optimism for ETH to reach $2,800, $3,400 if key support levels hold.

Analysts note increased whale activity and a critical supply barrier between $2,700, $2,800, with technical indicators supporting further gains. Goldman Sachs anticipates a 25 basis point Fed rate hike, but institutional interest in Ethereum remains robust.