TLDR
- Ethereum held near $2,760 after gaining about 14% over seven days.
- U.S. spot Ethereum ETFs attracted about $270 million in one day, taking two-day inflows to roughly $413.8 million.
- Lookonchain reported fresh whale buying, including a 6,247 ETH purchase funded by 200.71 BTC.
- BitMine may have added another 12,500 ETH, after buying 27,562 ETH the previous week.
- Analyst Ted said a weekly close above Ethereum’s 100-week SMA could put $3,300-$3,400 in focus.
Ethereum held above $2,700 on Tuesday after extending its seven-day gain to about 14%.
ETH traded near $2,760, following a move as high as roughly $2,804 during the latest session.
The price rally has coincided with stronger flows into U.S. spot Ethereum exchange-traded funds.
The ETFs recorded about $270 million in net inflows, their largest daily total since October.
U.S. spot Bitcoin ETFs recorded $999 million in net inflows on Sept. 21, according to SoSoValue, led by BlackRock’s IBIT with $381 million. Spot Ether ETFs added another $270 million, with BlackRock’s ETHA attracting $110 million. pic.twitter.com/RtvSstQVGl
— Wu Blockchain (@WuBlockchain) September 22, 2026
That marked a second consecutive day of inflows and took the two-day total to approximately $413.8 million, offsetting the previous three days of withdrawals.
Whales and BitMine Continue Buying ETH
Lookonchain reported that one OTC whale bought 4,500 ETH, lifting its balance to around 37,000 ETH.
Another whale swapped 200.71 BTC for 6,247 ETH. Over six days, the wallet exchanged 1,308 BTC for 40,670 ETH and staked the entire position.
Ethereum treasury company BitMine Immersion may also have added another 12,500 ETH, according to Lookonchain.
BitMine bought 27,562 ETH the previous week. Its reported holdings stood near 5.98 million ETH, worth around $16.5 billion at the cited price.
BitMine Chairman Thomas Lee said the company views Ethereum’s third-quarter performance as a possible lead-in to stronger fourth-quarter activity.
Derivatives positioning remains active. Total ETH futures open interest stood around $36 billion, while CME open interest increased more than 8%.
ETH Faces $2,786 Resistance
Ethereum was rejected near $2,786, which remains the immediate technical resistance level.
The next levels above that area sit around $2,894 and $3,177.
ETH remains above its major daily exponential moving averages, including the 20-day EMA near $2,537.
RSI was near 71, while the Stochastic Oscillator was above 90, showing that recent momentum has become stretched.
Analyst Ted said on X that ETH had reached the $2,800 resistance zone and was testing its 100-week simple moving average.
$ETH tapped the $2,800 resistance zone.
Ethereum is now at 100W SMA, and this week will decide the next move.
A weekly close above the 100W SMA could push ETH towards $3,300-$3,400.
A rejection means ETH might retest the $2,550 zone. pic.twitter.com/QzIs18Z6ZY
— Ted (@TedPillows) September 22, 2026
Ted said a weekly close above that average could push Ethereum toward $3,300-$3,400, while rejection could lead to a retest near $2,550.
Veteran trader Peter Brandt also shared a longer-term Ethereum futures chart on X, placing a potential target near $8,674 following a breakout above $5,000.
This is my long-term chart of ethereum:native It implies an eventual move to 8,600 once 5,000 is handled
A claim of a "call" or simple presentation of a chart is NOT a trade
People who claim "trades" need to provide proof or else the claims are BS
An X post is NOT proof pic.twitter.com/I2OFkn0Ne6— The Factor Report (@PeterLBrandt) September 21, 2026
For now, ETH remains below $2,786 resistance, with the $2,626-$2,544 region forming the closest support zone in the supplied technical data.
