Ethereum Price Prediction, September 23: Ethereum (ETH) trades at $2,735, down a marginal 0.61% over the past 24 hours, a pause, not a reversal, after a week that saw the token gain 15% and reclaim territory it hadn’t touched since October.

US spot ETH ETFs pulled in roughly $270 million on Monday, the largest single-day inflow since October, extending a two-day streak worth $413.8 million that erased the prior three days of outflows.

Treasury firm BitMine Immersion added 12,500 ETH to its stack, building on last week’s 27,562 ETH purchase and pushing total holdings to 5.983 million ETH, worth a jaw-dropping $16.5 billion at time of writing.

Chairman Thomas Lee called Q3’s ETH outperformance “a prelude to a potentially stronger up move” in Q4, citing institutional underweighting of crypto relative to AI stocks this year.

The rally has held despite a Fed rate hike, Houthi advance and a stalled Clarity Act in the Senate, arguably a sign that flows, not headlines, are driving this leg. ETF inflows and resistance levels now matter more to price than regulatory noise.