TLDR
- ETH is trading near $2,680, consolidating below the $2,710-$2,720 resistance zone.
- Exchange reserves rose by roughly 125K ETH since Friday, a sign of rising profit-taking.
- US spot ETH ETF inflows dropped from $269.9 million to $17.1 million in a week.
- BitMine added 17,362 ETH last week, bringing its total holdings to about 6 million ETH.
- Traders are watching $2,650 support and $2,720 resistance for the next directional move.
Ethereum is trading around $2,680 today. The price has spent the past few days consolidating just below $2,700, holding above its key moving averages.
Exchange reserves for ETH have climbed by about 125K coins since Friday. This points to more coins moving onto exchanges, often a sign that holders are preparing to sell.
Santiment data shows realized profits hit $222 million on Friday. That figure has eased over the following days as the market slowed down.
The Coinbase Premium Index, which tracks US buying sentiment, fell to -0.0483. That is its lowest reading in close to two weeks.
US spot ETH ETF inflows also dropped. They fell from $269.9 million a week ago to just $17.1 million on Monday, according to SoSoValue.
Traders appear to be de-risking ahead of US inflation and labor market reports due Wednesday and Friday. Peace talks between the US and Iran have also stalled after President Trump rejected a ceasefire proposal.
Yields Rise as Macro Pressure Builds
The US 10-Year Note yield has climbed about 70 basis points this month. The Kobeissi Letter noted on X that bond markets are now pricing in four more 25-basis-point rate increases by June 2027.
Ethereum has seen $61.6 million in liquidations over the past 24 hours. Short positions made up $33.7 million of that total.
On the daily chart, ETH holds a 14-day RSI of 62 and a Stochastic reading of 71. Both sit in constructive territory without flashing overbought signals.
Support sits first at $2,612 to $2,626, followed by $2,544 and $2,431. Deeper support lies near $2,275, $2,172, and $1,961.
On the upside, resistance starts at $2,786, then $2,894 and $3,177. Analyst Ash Crypto wrote on X that ETH held $2,550 and closed last week up 1.66%, adding that the $2,300 to $2,800 range has produced three major breakouts on the weekly chart, with a confirmed move above $2,800 opening the door to $3,600-$4,500.
ETHEREUM IS GETTING READY FOR A BIG MOVE.$ETH held $2,550 and closed the week up 1.66%.
The $2,300 to $2,800 range is what matters now. This same zone has produced 3 major breakouts on the weekly chart.
Each time ETH broke out of this range, the next move was big.
— Ash Crypto (@AshCrypto) September 29, 2026
Buying Activity Picks Up Across Exchanges
Trader XO points to $2,720 as the level needed to open a path toward $2,900 and the yearly open. Without that break, the $2,300-$2,700 range stays in play.
And that’s why I’ve never been a huge fan of rigid trading plans being shared ahead of time…
Took the long above 2710s. Liquidations came in, with no passive support – the information changed, so I cut it.
Price trading back under 2720… flipped short.
You’re not going to… https://t.co/9N6Nf2gpeI pic.twitter.com/vVq4c2t5Z4
— XO (@Trader_XO) September 25, 2026
Trader Symba flagged a possible bullish checkmate pattern, marking $2,650 to $2,710 as a reaccumulation zone. A move above $2,710 could bring $2,800 and then $3,000 into view.
CW8900 highlighted rising Coinbase buying with limited selling in the latest session. Binance and OKX charts show similar demand, spreading the recovery across exchanges.
BitMine purchased an additional 17,362 ETH last week. That brings the firm’s total Ethereum holdings to approximately 6 million ETH.
