- Pioneer altcoin ETH trades under $2,700 missing a weekly close above $2,800.
- Can the price of ETH break past the $2,700 resistance level and surge above $2,800?
- The crypto community hopes to see ETH close September in bullish green.
As the final week of September commences, the crypto market inches closer to the end of Q3 2026. Expectations after a bullish few days are slowly dipping as analysts expect a correction to take over the market. Presently, one expert is calling for BTC to hit $79,000 as the asset trades at the $83,000 price range. Meanwhile, pioneer altcoin ETH trades under 42,700 missing a weekly close above $2,800. Can $3,4000 still be reclaimed by ETH price?
Pioneer Altcoin ETH Trades Under $2,700 Missing a Weekly Close Above 2,800
It is no doubt that the month of September had been a promising month as both the prices of BTC and ETH went on to reclaim higher prices. To highlight, the price of BTC went from under $80,000 to as far as $87,000, narrowly missing the reclamation of the $88,000 price range. Similarly, the price of ETH went from under $3,500 to almost reclaiming $2,800, trading just shy of it at the 42,700 price range.
As we can see from the post above, before the previous week’s market closing, sentiments were far more bullish than they are at the moment. To specify, the price of ETH was trading well above $2,700, just short of reclaiming prices in the $2,800 price level. The analyst hoped for ETH to make that break past the resistance level and surge past $2,800. This move would have opened a path to ETH reclaiming prices in the $3,000 price range.
Can ETH Reclaim $3,400 Before the Month Closes?
High hopes for the price of ETH to surge into the $3,000 price range and hit the next resistance target of $3,400 was lost when the price of ETH failed to break past the $2,800 resistance level. Instead, the price of ETH dropped slightly, likely following Bitcoin’s lead, to face a retracement to the $2,600 price range. While this dip was not as severe, a correction is still in play, hinting at a greater dip ahead.
According to CoinMarketCap analytics, the price of ETH is down by over 2.7% in the last 24 hours and down by 2.24% over the last 7 days. Despite this, the asset is still up by over 8.5% over the last 30 days, showing the great progress ETH made in the month of September. However, with the correction still playing out, traders and analysts worry if all that progress will be lost by the time September closes.
Thus, investors, traders, and analysts watch with bated breath to see how the last few days of Q3 2026 will play out. Can BTC complete it correction and surge back to higher targets before the month closes? Will ETH maintain a stronger pulse compared to BTC, finally allowing altcoin dominance to finally take over? If so, will other altcoins outperform ETH and BTC for the final quarter of the year, finally letting altseason play out?
