Ethereum Reclaims $2,600 After Key Trendline Holds, Following Two Failed Attempts
Ethereum’s exchange reserves fell to 14.92 million ETH as the MVRV ratio moved above 1.00, giving holders unrealized profits while ETF outflows persisted.
- Ethereum traded at $2,603 on Friday, September 18, 2026, reflecting a 6.43% increase over the past 24 hours and a 10.6% rise above its September low.
- A trendline connecting four September lows between $2,355 and $2,382 has kept Ethereum from collapsing, with buyers stepping in to support the price at each test.
- Exchange reserves have fallen to about 14.92 million ETH, the lowest level of 2026, while over 42 million ETH is staked, representing roughly 35% of the circulating supply.
- Two attempts to surpass $2,600 have failed, and the Glamsterdam upgrade remains delayed by technical complexities; Ethereum ETFs saw $224.11 million in outflows on September 16.
- The Greed Index for Ethereum currently reads 69, signaling bullish sentiment, as traders watch for a daily close above $2,667 to confirm recovery toward a $2,800 September target.
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BizTocEthereum Reclaims $2,600 After Key Trendline Holds, Following Two Failed Attempts
A trendline that absorbed four separate tests in September has kept Ethereum from collapsing, but two rejections above $2,600 and a delayed upgrade are complicating what looks like a recovery.
Ethereum (ETH) confirmed its breakout above $2,600: a record 207 million wallets, 40 million staked ETH, and Trader Tardigrade's pattern call. COINOTAG…
🚨 Ethereum broke above the multi-month horizontal band by staying above $2,600. 📈 Analyst Aksel Kibar states that his August target of $2,163 has been confirmed in September. 🧭 The market is now closely watching whether $ETH will remain above $2,550. 🔍 If this level cannot be maintained, the recent rise may remain a temporary bounce. Read More: Ethereum Confirms Band Breakout by Holding Above $2,600 The article "Ethereum Confirms Band Breako…
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