Ethereum Price Analysis: Ethereum (ETH) is trading at $2,735, down a modest 0.65% on the day. That’s a quiet number on the surface. Underneath it, though, sits a week of aggressive whale accumulation, a near-$1 billion swing in ETF flows, and a corporate treasury strategy that just added another 27,562 ETH to its books — details that reshape how this pullback should be read.
Ether extended its seven-day gain to roughly 14.88% before cooling this week, with one tracker placing the token at $2,756.61 and another near $2,758.32, both showing sub-1% daily declines. BitMine Immersion continued its buying spree, pushing total holdings toward 6 million ETH as Chairman Thomas Lee called the third quarter’s ETH outperformance “a prelude to a potentially stronger up move” heading into Q4 2026. Meanwhile, spot Ether ETFs snapped a 12-day, $1.62 billion inflow streak with roughly $48 million in outflows on September 22 — a reminder that even strong trends take breathers.
Tom Lee (@fundstrat)'s #Bitmine keeps buying $ETH, withdrawing another 12,500 $ETH($34.55M) from #Kraken today.https://t.co/0sGwiD72EO pic.twitter.com/HY5vDL89YL
— Lookonchain (@lookonchain) September 22, 2026
That tension between institutional conviction and short-term profit-taking now defines Ethereum’s price structure. The next section breaks down where support and resistance actually sit.
Can Ethereum Price Hit $3,000 This Week?
ETH sits at $2,748.29 after a fractional 24-hour dip, consolidating below the widely watched $2,800 resistance level. A sustained daily close above that mark could open a path toward $3,000, according to recent technical coverage. Support has clustered near $2,700, with a deeper floor around $2,570–$2,600 if selling pressure returns.
Earlier analysis flagged the $2,655–$2,668 zone as a prior resistance band, while the 50-day and 200-day moving averages sit far below current price at approximately $2,272.50 and $2,076.10, respectively — a gap that still favors bulls structurally, even amid short-term chop.
(Source –TradingView, ETH USD)
Bull case: a close above $2,800 confirms momentum, targeting $3,000 and beyond, especially if the Glamsterdam upgrade testnet lands cleanly (expected around October 6).
Base case: continued consolidation between $2,700 and $2,800 as ETF flows normalize.
Bear case: a break below $2,600 invalidates near-term bullish structure and reopens the $2,400 zone.
For a deeper technical breakdown, see this related Ethereum analysis before positioning either way.
Trade Securely With 0% Trading Fees on MEXCLiquidChain Targets Early Mover Upside as Ethereum Tests Key Levels
Anyone holding ETH through this run already has something to show for it — 14.88% in a week isn’t nothing. But at a $330+ billion market cap, doubling from here requires an enormous amount of fresh capital. That math is exactly why traders scanning for asymmetric upside keep drifting toward earlier-stage infrastructure plays instead.
LiquidChain (LIQUID) is one such project, positioned as a Layer 3 execution environment that fuses the liquidity of Bitcoin, Ethereum, and Solana into a single unified layer.
The presale has raised $971,680.17 so far, with tokens currently priced at $0.014958. Its pitch rests on a “deploy-once” architecture, developers build once and gain access across all three ecosystems, backed by what the team calls verifiable settlement and single-step execution.
As with any presale, there’s no guaranteed outcome, and liquidity risk is real until tokens are listed and traded openly. Those curious can research LiquidChain directly, and background on the cross-chain thesis is available in this related coverage.
Visit LIQUID HereDISCOVER: Top Solana Meme Coins to Buy in 2026
Key Takeaways
- Ethereum trades at $2,748.29; a daily close above $2,800 resistance could open a run toward $3,000 near-term.
- A break below $2,600 support would invalidate the current bullish structure and expose the $2,400 zone next.
- LiquidChain’s presale has raised $971,680.17 at $0.014958 per token, offering a unified BTC-ETH-SOL liquidity infrastructure for developers.
- Ethereum’s Glamsterdam upgrade enters public testnet around October 6, giving traders a concrete technical catalyst to watch.
Follow 99Bitcoins on X For the Latest Market Updates and Subscribe on YouTube For Daily Expert Market Analysis.
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+Monthly readers
Expert contributors
2000+Crypto Projects Reviewed
