ethbreaksabove2700

#ETHBreaksAbove2700

Ethereum reclaimed $2,700 for the first time since January 2026, trading around $2,716-$2,777 after gaining roughly 5.7-9.2% in a week and posting its strongest third quarter since 2016 with a 67.57% Q3 gain, according to Blockonomi and CoinTurk News. The move came alongside Bitcoin's own breakout above $85,000-$86,000, with US spot Ethereum ETFs pulling in around $270 million in a single day — the strongest since October — pushing the two-day inflow total past $413 million, per Blockonomi.

On-chain data compiled by Lookonchain showed heavy whale rotation from Bitcoin into Ethereum, including one wallet that sold 1,107 BTC (about $86.7 million) to buy and stake 34,422 ETH over five days, according to Cointribune. Corporate treasury firm BitMine also added 12,500 ETH on top of a prior 27,562 ETH purchase.

Technical readings flagged overbought conditions, with RSI near 71 and the Stochastic Oscillator above 90, per Blockonomi. Analysts remain split on whether the rally can extend toward $2,900-$3,000, or if it represents a bull trap given the stretched indicators.
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