Ethereum gains strength as ETF demand and macro tailwinds align | Credit: Derek Fenech
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Key Takeaways
On Sept. 15, Ethereum ETFs logged $360 million in inflows, surpassing Bitcoin ETFs.
Markets expect a 25 bps Fed rate cut, which could boost demand for risk assets like ETH.
Addresses holding 10,000+ ETH reached their highest in nearly three years, hinting at a breakout.
After weeks of consolidation, Ethereum’s price could be on the brink of a breakout. This sentiment comes after ETH registered a high value of inflows into exchange-traded funds (ETFs).
The upcoming Federal Open Market Committee (FOMC) meeting, which is expected to result in an interest rate cut, is also fueling the sentiment.
At press time, ETH’s price holds above $4,500. Here is where it could trade if these factors play in its favor
Ethereum Allocation Preferred Again
According to data from SosoValue, Ethereum ETFs recorded $360 million in inflows on Sept. 15, marking the fifth consecutive net inflow.
Sustained inflows signal that institutional demand for Ethereum is accelerating.
Ethereum outpaced Bitcoin in this instance, highlighting a potential shift in market leadership, with ETH emerging as the preferred asset for near-term allocation.
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“Ethereum, which had faced eight consecutive trading days of outflows, also saw a reversal in sentiment. It registered four straight days of inflows last week, totalling US$646 million,” James Butterfill, CoinShares Head of Research, revealed.
Fed Cut Ahead, Drives Whale Positioning
CCN’s findings suggest that the upcoming FOMC meeting on Sept. 17 is another major factor fueling Ethereum’s momentum.
A rate cut would inject liquidity into financial markets, lower borrowing costs, and boost appetite for risk-on assets.
For ETH’s price, the strong ETF inflows and favorable macro conditions could be a powerful catalyst, reinforcing the bullish narrative and supporting its push toward $5,000.
This accumulation trend suggests that large investors are loading up ahead of a potential move higher.
Historically, whale accumulation has preceded major rallies.
Therefore, if the trend continues, whale buying could tighten available supply on exchanges, amplifying the impact of ETF inflows and macro tailwinds, further supporting the case for ETH’s price to push beyond current resistance levels.
In that case, ETH’s price risks sliding back toward $4,203, with a deeper retracement potentially finding support near $3,603 at the 0.618 Fibonacci golden ratio.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
