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Ethereum surges past $2,600, triggering $216M in short liquidations amid strong ETF inflows and bullish outlook.

Market News
12 Sep 2026
Blockonomi
View Source
Bullish
Ethereum surges past $2,600, triggering $216M in short liquidations amid strong ETF inflows and bullish outlook.

Ethereum rose above $2,600, briefly hitting $2,665, driven by positive inflation data and strong ETF inflows totaling $216.41 million. This surge caused $216 million in short position liquidations and boosted optimism for ETH to reach $2,800–$3,400 if key support levels hold. Analysts note increased whale activity and a critical supply barrier between $2,700–$2,800, with technical indicators supporting further gains. Goldman Sachs anticipates a 25 basis point Fed rate hike, but institutional interest in Ethereum remains robust.

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Ether sees $14.58M liquidations in an hour, mostly from short positions, as price rises slightly.

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