Spot Ethereum exchange-traded funds (ETFs) have recently attracted stronger demand than spot Bitcoin ETFs, coinciding with relative strength in the price of ETH. Ethereum rose toward $2,600 earlier this week before pulling back, while several analysts said ETH could continue to outperform Bitcoin over the next few months.

The near-term focus is whether Ethereum can stabilize around $2,500 and rebuild upward momentum.

Spot Ethereum ETFs Attract Stronger Inflows

A significant divergence emerged between Ethereum and Bitcoin ETFs in September 2026. During the trading week ending September 11, spot Bitcoin ETFs recorded $13 million in net outflows, while spot Ethereum ETFs attracted $216 million in net inflows.

The figures indicated a shift in institutional positioning toward Ethereum. Bitcoin ETF flows remained weaker during the week, while continued inflows into Ethereum products contributed to ETH’s relative strength and recent breakout.

Ethereum ETFs recorded $216.4 million in net inflows on September 11, bringing their 30-day net inflows to $2.18 billion. Despite several recent days of outflows, cumulative tracked inflows reached $13.51 billion.

The flow data and chart levels provide separate indicators to monitor: whether demand for Ethereum products continues and whether ETH can hold the $2,500 area. Neither measure alone establishes that the recent move will continue.

ETH Retests $2,500 After Reaching $2,600

ETH has experienced volatility this week. Ethereum broke above $2,550 but subsequently lost momentum and retested the $2,500 level.

Analyst Daan Crypto Trades said the current move remains a healthy retest as long as the $2.5K level holds. According to the analyst, $2.5K aligns with the top of the candle bodies and a high-volume node, making it a key level for bulls to defend. Daan Crypto Trades added that a move below $2,500 would confirm that the recent advance was only a liquidity grab.

The analyst’s post is available on X.

Analyst Crypto Patel said ETH had climbed to $2,600 for the first time in seven months. The move came amid softer U.S. consumer price index data and a broader cryptocurrency market rally.

U.S. core CPI rose 2.4% year over year, while Bitcoin climbed above $79,000. Total cryptocurrency market capitalization also increased by $127 billion in approximately 90 minutes.

Crypto Patel said Ethereum was showing strength after breaking higher from an ascending triangle pattern. The analyst identified the $2,800-$3,000 range as the next key area to watch. Crypto Patel’s post is available on X.

Analysts Assess ETH’s Relative Performance

Ethereum has continued to outperform Bitcoin, with the ETH/BTC pair moving higher after the ascending triangle pattern partially played out. Analyst LAR7 Crypto described the ongoing move as a positive factor for ETH and expects Ethereum to significantly outperform Bitcoin over the next few months.

LAR7 Crypto also identified ETH dominance (ETH.D) and TOTAL3 as key areas to monitor, adding that the Ethereum ecosystem remains a top priority within the current cryptocurrency market structure. The analyst’s post is available on X.

The information in this article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency investments involve risk, and past performance does not guarantee future results. Readers should conduct their own research before making investment decisions.

Source: The Market Periodical