Ethereum News Today: ETH Holds Near $2,739 as Traders Watch $2,672 for a Path Toward $3,000

Last Updated: September 22, 2026

Ethereum traded near $2,739 on September 22, 2026, up slightly over the past 24 hours and holding most of yesterday’s sharp 6% surge that took the token to $2,719 during a Bitcoin led short squeeze. BitMine, the largest Ethereum focused treasury firm, added another $75 million in ETH to its holdings, with chairman Tom Lee arguing that institutions remain underweight crypto heading into a strong third quarter.

Key Takeaways

• ETH trades near $2,739, up 1.47% over the past 24 hours and 10.68% over the past week, holding onto most of yesterday’s sharp rally.
• BitMine purchased another $75 million in ETH on September 21, with chairman Tom Lee saying institutions remain underweight crypto exposure despite a strong third quarter for the asset.
• Whether Ethereum can close the week above $2,672, a key Fibonacci resistance level, is the main technical question right now, with a break above potentially opening a path toward $3,000.
• Ethereum’s spot ETFs snapped a four week inflow streak even as the broader market rallied hard, a divergence worth watching relative to Bitcoin ETFs, which logged a positive week.
• Ethereum generated $462,680 in network fees and $112,735 in protocol revenue over the past 24 hours, continued activity that has held steady through this week’s price swings.

Ethereum Market Overview

Metric	Value
Price	$2,738.68
24h Change	+1.47%
7d Change	+10.68%
Market Cap	~$334.31 billion
24h Volume	~$22.6 billion

Ethereum News Today: Price Analysis

Yesterday’s 6% surge to $2,719 came directly on the back of Bitcoin’s broader short squeeze, with ETH punching through a Fibonacci resistance level in the process. Today’s price action has held onto most of that gain rather than giving it back, a constructive sign that the move reflects genuine repositioning rather than a temporary spike tied purely to Bitcoin’s momentum.

The $2,672 level now stands as the key marker for the week ahead. Traders are watching closely whether Ethereum can close above it on a weekly basis, since doing so would remove a level that has kept price at arm’s length for the past two sessions and could open a clearer path toward the psychologically important $3,000 mark. BitMine’s continued buying, alongside Tom Lee’s public argument that institutions remain underweight crypto, adds a fundamental tailwind even as the ETF flow picture shows some near term hesitation specifically around Ethereum funds.

Support and Resistance Levels

Level Type	Price
Immediate Resistance	$2,769
Key Resistance	$2,950 to $3,000
Immediate Support	$2,672
Key Support	$2,434

Why Is Ethereum Trending Today?

Ethereum is trending today on the combination of BitMine’s continued institutional buying and the market’s focus on whether ETH can close the week above $2,672, a level that would meaningfully strengthen the case for a push toward $3,000. For the full market picture, see crypto market today, and for today’s other headlines, check crypto news today. For deeper historical context on ETH’s price structure, see our Ethereum price page.

What This Means for the Days Ahead

A weekly close above $2,672 would be the clearest signal that this week’s rally has staying power, opening the door toward $3,000 in the sessions that follow. On the institutional side, whether Ethereum’s spot ETFs can reverse their recent outflow streak will be worth watching, particularly given Tom Lee’s public case that institutional crypto exposure remains too low relative to the asset’s recent strength.

Track how other majors are trading alongside Ethereum on Bitcoin News Today, XRP News Today, Zcash News Today, and Hedera (HBAR) News Today.

Compare Crypto Prices Today

Asset	Price Page
Bitcoin	Bitcoin Price
Ethereum	Ethereum Price
XRP	XRP Price
Solana	Solana Price
BNB	BNB Price
TRON	TRON Price

Where to Buy Ethereum

Ethereum can be bought on major exchanges including Binance, Coinbase, Kraken, KuCoin, Gate.io, OKX, and Bybit.

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are volatile; always do your own research before investing.