Ethereum Could Reach $2365 by September 30 Amid ETF Outflows

Ethereum (ETH) is projected to reach $2,365 by September 30, according to a machine learning forecast. U.S. spot Ethereum ETFs have seen two consecutive days of net outflows, creating a divergence between price estimates and capital flows.

Finbold reported that its proprietary AI price prediction tool estimated Ethereum's price at $2,365 as of the analysis date, representing a 5.48% increase from the current level. The forecast utilized three machine learning models: ChatGPT 5.7 Luna predicted a 6.35% rise to $2,385, DeepSeek Chat estimated a 5.49% gain to $2,365.50, and Gemini 3.5 Flash projected a 4.59% increase to $2,345.50. All models indicated upward movement but varied by $39.50 in target prices.

Finbold suggested a short-term price range of $2,430–$2,465 for Ethereum, with a potential move above this level toward the $2,700s. Failure to hold support near the 50-day exponential moving average at $2,282 could lead to further declines.

However, Finbold noted that model details remain undisclosed, meaning the $2,365 figure is conditional and not a confirmed price target. Market conditions will determine whether this level is reached.

U.S. spot Ethereum ETFs saw net outflows of $142.3 million on September 15 and $224.1 million on September 16, following an inflow of $121.1 million on September 14. Finbold emphasized that ETF flows alone cannot definitively predict short-term price direction, as they differ from direct spot market transactions.

Finbold also cited increased derivatives positions and whale trading as recent rebound factors but provided no detailed data to quantify their impact. Kraken reported a $169.2 million 24-hour trading volume and $86 million open interest for Ethereum perpetual futures as of September 17 at 4:14 AM UTC, though these figures represent exchange-specific metrics rather than broader market trends.

The forecast is based on machine learning model projections and technical price ranges. If ETF outflows continue or the $2,430–$2,465 range is not reclaimed, actual price movement could differ. Whether Ethereum reaches $2,365 by September 30 will depend on subsequent market activity.