Why is Ethereum flat today? ETF inflows and support levels to watch

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Ethereum slips 0.13% as ETFs see inflows

Highlights

BlackRock's iShares Ethereum Trust reported $50.8 million in net inflows on September 24, 2026, capturing nearly half of all US spot Ethereum ETF flows for that day.
Cumulative inflows for ETHA climbed above $13 billion as US Ethereum ETFs attracted continued allocations through regulated structures.
ETH/USD trades inside a projected range of $2,627 to $2,847, with technicals indicating sideways movement and a greater probability of further decline.

Institutional ETF inflows drive US Ethereum market expansion

BlackRock's iShares Ethereum Trust (ETHA) recorded $50.8 million in net inflows on September 24, 2026, capturing nearly half of all US spot Ethereum ETF flows for that day and pushing cumulative inflows above $13 billion, according to Cryptobriefing. Such sizable allocations from institutional channels directly expand Ethereum's exposure and liquidity, supporting its role in broader market portfolios. Additional data from Cryptobriefing showed total US Ethereum ETF inflows reached $105 million the previous day, with ETHA leading contributions, highlighting continued investor engagement through regulated vehicles.

Mixed momentum as support holds but indicators diverge

On the hourly chart, ETH trades above the MA-20 but remains below the MA-50, while standing firmly above the MA-200 on the daily timeframe. The Ichimoku Kijun level at $2,653 acts as immediate support. Among indicators, MACD points to sustained selling pressure, ADX is neutral, and the RSI reads 47.71, suggesting a bias towards selling. Stoch RSI is oversold, CCI is neutral, and Bull/Bear Power shows intraday buyer dominance, highlighting a divergence between momentum and oscillators and indicating short-term indecision.

Downside risk favored as range persists with low breakout odds

In the short term, the projected price range for ETH/USD is $2,627 to $2,847. There is a 22% probability of an upward breakout, while a downward move is statistically favored. The baseline scenario is for continued sideways trading within key support and resistance levels. An upside break would be signaled by price moving above resistance, while a fall below immediate support could lead to further declines.

Viktoras Karapetjanc, expert at Traders Union, sees consistent institutional inflows as a key driver for Ethereum’s underlying strength. He notes that BlackRock’s ETHA has set a strong tone for regulated adoption, while price action stays mostly neutral in the short term. The analyst believes sideways trading should persist, but constructive sentiment from ETF data anchors his positive outlook. "Sizable ETF inflows show that institutions are steadily increasing their commitment to Ethereum, and this builds a solid platform for future growth if key support levels hold."

Previously it was reported that large onchain transfers from Bitget-linked wallets raised questions about exchange security and user withdrawal activity. With Ethereum now drawing sustained institutional inflows through US spot ETFs and trading in a narrowly defined range, market participants should closely monitor for any unusual wallet activity or ETF flow anomalies as potential catalysts for a decisive breakout or breakdown.

Source of Data: ETH Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.