Key Highlights Ethereum is currently trading around $2,729, posting a 1% gain with an intraday peak at $2,746 The asset has rallied from approximately $1,500 in June, establishing consistent
On October 2, Ethereum is hovering near the $2,729 mark as market bulls continue their assault on the $2,750-$2,800 resistance corridor. The cryptocurrency began trading around $2,705 earlier in the session before peaking at $2,746.
At the time of analysis, ETH had gained approximately 1% on the daily timeframe. This upward movement is part of a broader recovery trend that commenced in June.
Following its bottom near the $1,500 level, Ethereum has constructed a reliable series of ascending lows. An upward-sloping trendline originating from that June bottom currently intersects around the $2,400 zone, with price action remaining firmly above this support.
Throughout September, ETH successfully penetrated a resistance barrier situated between $2,400 and $2,500. This area had previously rejected multiple upward attempts, but traders now consider it a potential support floor should prices retrace.
Technical attention is currently concentrated on the $2,750-$2,800 zone. Ethereum spent the majority of September ranging between $2,450 and $2,600 before initiating its latest advance.
Source: TradingView
A decisive daily settlement above $2,800 would validate the breakout and reintroduce the psychological $3,000 threshold. Beyond $3,000, resistance intensifies around the $3,300-$3,450 corridor, an area linked to price activity before Ethereum’s earlier decline this year.
Looking at potential pullbacks, initial support materializes around $2,450-$2,500. Beneath that level, the ascending trendline provides additional backing near $2,400. A more substantial correction would bring the $1,850-$2,000 range into play, though current price action remains significantly elevated from that area.
Market momentum stays constructive but has moderated. The daily Relative Strength Index reads 65.86, positioned above the neutral 50 threshold yet below the overbought 70 level.
The MACD indicator presents a more nuanced short-term outlook. The MACD line registers near 75.06, trading beneath the signal line at 82.02, with the histogram displaying a modest negative reading around -6.96. This configuration suggests an uptrend that remains valid but is experiencing reduced velocity approaching resistance.
Cryptocurrency analyst Michaël van de Poppe offered a comparable interpretation. He noted that the pattern observed across other assets is visible on $ETH, stating that once resistance is overcome, reaching $3,000 becomes “a matter of time.”
The same picture can be seen on $ETH.
Break through the resistance, and it's going to be a matter of time until we'll see $ETH trading at $3,000. pic.twitter.com/3ttkXo6WN9
— Michaël van de Poppe (@CryptoMichNL) October 1, 2026
Institutional appetite has rebounded following a quieter period in early September. U.S. spot Ethereum exchange-traded funds accumulated roughly $690 million throughout the Sept. 21-25 period, marking the most robust weekly performance since late August.
BlackRock’s ETHA product dominated inflows with approximately $326 million. Fidelity’s FETH contributed around $174 million, while Grayscale’s Ethereum Mini Trust secured nearly $100 million.
Capital flows moderated toward September’s conclusion, with modest outflows recorded in the final trading days. Nevertheless, cumulative net inflows remain positioned near $14 billion, representing a substantially stronger trajectory than earlier in 2026.
An upcoming technical development may provide additional momentum. The Glamsterdam upgrade is scheduled for Sepolia testnet implementation in early October, designed to enhance execution efficiency, node synchronization, and network scalability.
1/6
Ethereum confirms it: the Glamsterdam upgrade lands in Q4 2026.
This isn't just "another improvement." It's the biggest capacity leap since The Merge — and it's going to change what it costs to use Ethereum.
A thread
pic.twitter.com/DH1iE55JyX
— dominioscripto.eth (@septiembre_eth) September 20, 2026
Investment firm Citi elevated its 12-month Ethereum price forecast from $2,240 to $3,028, citing increased cryptocurrency market activity and revitalized ETF demand as justification for the revision.
Ethereum maintains its position above the ascending daily trendline, exchanging hands near $2,730 with RSI anchored at 65.86 as buyers test the $2,750-$2,800 resistance barrier.
The post Ethereum (ETH) Price Eyes $3,000 Milestone as Resistance Weakens appeared first on Blockonomi.
