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Ethereum spikes above $2,600 then retreats as Fed rate hike looms, testing support at $2,400.

Market News
14 Sep 2026
CryptoTicker
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Neutral
Ethereum spikes above $2,600 then retreats as Fed rate hike looms, testing support at $2,400.

Ethereum surged from around $2,437 to $2,667 on September 11, driven by short squeeze and strong ETF inflows, but quickly fell back below $2,600. The market awaits the Federal Reserve's rate decision on September 15-16, with a likely hike posing a risk to ETH's price due to higher opportunity costs for non-yielding assets. Technical analysis shows key support at $2,400 and resistance at $2,550-$2,600, with a breakout above $2,600 needed to target $2,700-$2,800 and beyond. Institutional demand and ETF inflows support the bullish case, but a failure to hold above support could lead to a drop toward $2,000.

As of September 14, 2026, 23:03 WIB, Ethereum trades at Rp44,273,893 on Pluang, showing a modest 0.92% gain over the past day. Despite the recent volatility around the $2,600 level mentioned in the news, Pluang data indicates a balanced market with 64% of orders selling and 36% buying. The platform also reports a substantial 24-hour trading volume of Rp215.95 trillion, highlighting active investor engagement.

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