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Ethereum nears key $2,560 resistance with potential rally targets up to $4,750 amid declining exchange supply.

Technical Signals
07 Sep 2026
Blockonomi
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Bullish
Ethereum nears key $2,560 resistance with potential rally targets up to $4,750 amid declining exchange supply.

Ethereum has recovered above $2,500 but faces strong resistance near $2,560, a critical level for a potential breakout. While Bitcoin ETFs attract nearly $1 billion monthly, Ethereum's ETF inflows remain modest, signaling less institutional momentum. Exchange balances dropped by over 116,000 ETH (~$300 million) recently, tightening supply and setting the stage for a possible price surge toward $2,750, $3,400, and even $4,750 if bullish momentum builds. However, network activity measured by daily active addresses has declined since August, indicating mixed signals for sustained growth.

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