Ethereum briefly rose above $2,700 on September 30 after August PCE inflation came in at 3.4%, below the 3.7% forecast, before retreating to about $2,679. The data sharply changed expectations for Federal Reserve policy, with the probability of a 25-basis-point increase at the October 28 meeting falling from 67% to 34%. Ethereum remained above its 200-day EMA (exponential moving average) at $2,462, with resistance at $2,816 and a possible technical path toward $3,000. Ethereum ETFs posted $2.81 million in outflows on September 29, ending seven consecutive days of inflows, although September still produced $892 million in net inflows. Market data also showed Ethereum’s MVRV ratio (market value relative to realized value) moving above zero for the first time since July 2025. Analysts cited the possibility of a pullback toward $2,400 to $2,500 before a further advance, with some projections placing the next target between $3,000 and $3,400 over four to eight weeks. Ethereum was trading at $2,711.54 on October 1, up 1.49% on the day.