Ethereum Reclaims $2,600 After Key Trendline Holds, Following Two Failed Attempts
US spot Ethereum ETFs posted $224.11 million in outflows on Sept. 16 as a delayed upgrade and repeated $2,600 rejections slowed momentum.
- Ethereum trades at $2,603, reflecting a 6.43% increase over the past 24 hours, though the asset continues to face significant resistance at current levels.
- A resilient support trendline for Ethereum, established by four September lows between $2,355 and $2,382, has prevented a collapse despite two recent failed attempts to surpass the $2,600 ceiling.
- Exchange reserves have fallen to approximately 14.92 million ETH, the lowest level for 2026, while over 42 million ETH remains staked, limiting the available circulating supply.
- The Fear and Greed Index for Ethereum currently reads 69, indicating greed, while the MVRV ratio above 1.0 suggests that the average holder is back in profit.
- Technical complexities have delayed the Glamsterdam upgrade, leaving the network without a confirmed schedule as developers address issues regarding the state gas dimension in the proposal.
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23 Articles
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BizTocEthereum Reclaims $2,600 After Key Trendline Holds, Following Two Failed Attempts
A trendline that absorbed four separate tests in September has kept Ethereum from collapsing, but two rejections above $2,600 and a delayed upgrade are complicating what looks like a recovery.
Ethereum Price Clears $2,700 Behind Two Whales Pouring $106M Into ETH
Two ether whales have committed a combined $106.4 million to ETH over five days, and the second-largest crypto asset just traded above $2,700 for the first time since Jan. 31. The Rotation That Hasn’t Stopped Over the past five days, a whale sold 1,107 BTC worth $86.76 million on Hyperliquid, bought 34,422 ETH worth $86.5 […]
Ethereum (ETH) confirmed its breakout above $2,600: a record 207 million wallets, 40 million staked ETH, and Trader Tardigrade's pattern call. COINOTAG…
Buying Pressure Is Back: Ethereum (ETH) Has $3K in Its Sights
The largest altcoin, Ethereum (ETH), has surged around 5.6%. It is something that did not happen for almost a month: closing a daily candle above $2,500. That breakout from the sideways range is now on the chart. The asset is currently trading within the $2,644 range, and its volume is
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