Ethereum's $2,600 Price Target Within Reach, but AlphaPepe Buyers Are Racing

Ethereum's price has been holding steady near $2,400 after its sharp August recovery, and it's not giving up on reaching $2,600 yet.

The recent slip below $2,431, a level that had acted as immediate support, has cooled the rally, but a move back through this area would improve the short-term structure for Ethereum.

Institutional demand remains crucial, with US spot Ether ETFs reporting $48 million in net outflows, ending a 12-session inflow streak that attracted roughly $1.62 billion.

Meanwhile, AlphaPepe is racing to secure its Stage 20 entry at $0.02873 before the planned listing price of $0.08, with over $2.58 million raised from more than 11,500 holders so far.