Analyst Predicts Ethereum Price Could Hit $3k This Week, Here’s Why

Frank bevah
Frank bevah

Frank bevah

Market Analyst
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets.
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Analyst Predicts Ethereum Price Could Hit $3k This Week, Here's Why

Highlights

  • Ethereum price could reach $3,000 following a weekly close above $2,550.
  • Ethereum ETFs gained $216.41 million; BlackRock’s ETHA led daily inflows.
  • ETH faces $2,550 resistance; slipping below $2,490 threatens $2,400 support.

Ethereum price traded near $2,507 as analyst Ali linked a possible $3,000 rally to a weekly close above $2,550. 

Bitcoin price hovered near $77,329, with XRP around $1.36 and Solana trading near $101.19.

Investors are looking forward to the Federal Reserve meeting of September 15-16, which could redefine interest rates and risk-asset expectations. Another possible triggering event in crypto markets is a September 15 procedural vote on the CLARITY Act by senators.

Analysts Eye Ethereum Price Breakout: Could ETH Reach $3,000?

Crypto Analyst Ali Charts says Ethereum is forming a triangle on the 12-hour timeframe. The trend has brought a potential shift to $3,000 into focus.

Ethereum price was trading around the $2,474 mark, and the upward support was colliding with the new highs. Ali Charts pointed to an earlier triangle breakout that preceded a 31% gain in three days.

The analyst suggested another breakout could produce a similar rally. A lasting break above resistance would be a boost to the argument in support of $3,000, and a decline below the emerging support would be a negative blow to the formation. The target is not a certain price prediction, but a possibility.

Ethereum ETF Inflows Reach $216M With ETHA Leading the Day

On September 11, Ethereum exchange-traded funds received net inflows of $216.41 million, as per SoSoValue statistics. BlackRock had ETHA with the highest amount of $148.82 million and ETF with Bitwise had ETFW at $29.09 million.

BlackRock ETHB reported a total of $18.32 million, and Fidelity FETH reported a total of $11.40 million.

Grayscale’s ETH fund drew $5.09 million, and VanEck’s ETHV received $3.71 million. Grayscale ETHE and Franklin EZET did not record any new inflows.

Analyst Predicts Ethereum Price Could Hit $3k This Week, Here's Why
Source: Sososvalue

Historical inflows were $13.39 billion, whereas total net assets were $16.31 billion. The value of those assets was 5.28% of the market capitalization of Ethereum. The funds achieved a trading volume of $2.56 billion in the September 11 session.

Ethereum Price Analysis

The ETH price traded at $2,506 on the September 13 four-hour chart, up 0.73% during the current candle. 

Ethereum price has been mostly moving sideways since the end of August, after surging upward out of the lows around $2,000. 

An upward spike into September 11, which briefly reached $2,600, was eliminated, and the price returned to close to $2,500.

The MACD line was at 6.47, lower than its signal line of 9.24. Its histogram of -2.76 indicates a weakening of the recent upward momentum. Meanwhile, the RSI measured 51.77, keeping ETH just above the neutral 50 level.

Analyst Predicts Ethereum Price Could Hit $3k This Week, Here's Why
Source: ETH/USDT 4-hour chart: TradingView

A rise beyond $2,510 would put the last target zone of $2,550 into the limelight again, then the latest high of around $2,600 as per the ETH long-range prediction. If Ethereum price drops to less than $2,490, the following support might be the $2,400 level.

Investment disclaimer: The content reflects the author's personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Frequently Asked Questions (FAQs)

1. How could the Fed meeting affect ETH?

The Federal Reserve meets September 15–16. Its interest-rate decision and accompanying guidance could change expectations for risk assets, including cryptocurrencies.

2. Why does the CLARITY Act matter for Ethereum?

The September 15 Senate vote is procedural, rather than final passage. Its outcome could affect crypto sentiment by showing whether the bill can advance.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

ETH

Ethereum

$2,465.9815 1.29% (24h)

24 Hours volume

$4.38B

Market Cap

$297.6B

Max Supply

NA

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About Author
About Author
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets.