Institutional Demand Keeps Ethereum afloat Near $2,500
Ethereum's price remains near $2,506, but institutional demand for the cryptocurrency stays strong. BlackRock's ETHB product has gathered $650 million since its launch, while ETHA gathered $85 million this year. The Pectra upgrade improves staking efficiency and allows validators to hold up to 2,048 ETH.
The Layer 2 ecosystem holds more than $40 billion in total value locked across 73 active rollups. Institutional flows and price support remain a key driver of Ethereum's price action. Spot Ethereum ETFs received $216.41 million in net inflows on September 11, with BlackRock's ETHA leading the session.
The price faces immediate resistance near $2,550, followed by the $2,600 high. Technical indicators show a mixed picture for the current trend. The MACD line is below the signal line on the four-hour chart, and the Relative Strength Index is 51.77, just above the neutral 50 midpoint.