Ethereum made it above $2,800, but it did not stay there. After reaching roughly $2,804 during the past week, ETH fell back toward $2,660 by September 24. That leaves traders with a more useful question than whether it touched $2,800: can it get back above that level and hold it?
The retreat comes despite continued demand for US spot Ethereum ETFs. Farside Investors’ daily figures show net inflows of $270 million on September 21, $162.2 million on September 22 and $104.5 million on September 23. Those are three positive days, although the amount fell each day. ETF inflows show demand for fund shares; they do not guarantee that ETH’s price will rise.
Why $2,800 matters now
The recent move briefly carried ETH through a resistance area around $2,775 to $2,825. Its return toward $2,660 suggests buyers have yet to establish a lasting move above that range. A brief move through resistance can attract attention; holding above it would make a stronger case that the rally has room to run.
That distinction matters for the earlier breakout case, which pointed to $3,000 as a possible next destination. The target remains conditional. ETH would first need to reclaim the $2,800 area and stay above roughly $2,825.
Is the rally over?
The pullback alone does not settle that. ETH is still above its roughly $2,436 low from the past seven days, even after giving back the move above $2,800. The next test is whether buyers can defend the area around $2,660, where the previous breakout discussion began.
If ETH regains $2,800 and holds above $2,825, a push toward $3,000 becomes more plausible. If it continues to slip, traders may watch the $2,560 area next, followed by $2,500. Those are levels to monitor, not predicted stopping points.
