📊 Current situation
ETH is moving around $2,700–$2,725 after breaking above the $2,650–$2,672 area. Today it reached about $2,719 according to published market data. �
Yahoo Finance +1
Spot Ethereum funds recorded a positive net inflow of about $143.7 million on September 18, which supports demand, even though daily flows have been volatile. �
CoinStats +1
🎯 Levels I’m watching
The level
Its significance
$3,000
Main resistance/psychological target
$2,800
The first barrier after the breakout
$2,672
A very important level right now
$2,550–$2,600
Key support
$2,450
Stronger support in case of a correction
$2,350
A danger zone if the drop becomes strong
Notice that today’s published technical analysis says that holding above $2,672 could open the way toward $2,800 and then $3,000, while losing the $2,550 area would push pressure back toward $2,400–$2,450. �
CoinMarketCap
🚀 Bullish scenario
If ETH holds $2,650–$2,672 and closes daily above it:
$2,700 → $2,800 → $2,950–$3,000
A breakout of $3,000 and holding above it would be a different technical development, and it may open the door to higher levels, but I don’t advise assuming that it will happen just because the price reaches $3,000.
🔻 Bearish scenario
If the breakout fails and the price falls back below $2,650:
$2,550 → $2,450
Meanwhile, breaking below $2,450 would increase the likelihood of a pullback toward $2,350, especially if that coincides with money flowing out of ETF funds or Bitcoin falling.
My assessment of the near-term range
For now, the short-term trend leans bullish, but ETH is getting close to an important resistance zone. So the difference is huge between buying ETH after confirming it holds above $2,672–$2,700 and chasing the price after a rapid surge.
And there’s an important point: the RSI indicator mentioned in today’s analysis is near 67, meaning momentum is strong but it’s approaching a zone where the price may become more vulnerable to a short-term correction. �
