Ethereum holds above $2,700 after wallet linked to Joseph Lubin moves $356.2M in ETH

  • A wallet linked to Joseph Lubin moved 133,298 ETH to a new address.
  • $356.2 million was the reported value of the transferred ETH.
  • Ethereum ETFs attracted nearly $690 million over five sessions through Sept. 25.

Ethereum traded near $2,713 on Oct. 1, up 1.87%, while remaining above the $2,700 level. A wallet linked to co-founder Joseph Lubin moved 133,298 ETH, worth about $356.2 million, to a new address rather than a known centralized exchange. There is no evidence the transfer was made for an immediate sale, and ETH showed little reaction, trading around $2,715 at press time. The token reached $2,738.51 during the session but remained below resistance at $2,747, $2,781 and the broader $2,800 area. Technical indicators remain generally constructive, although the MACD histogram has flattened, the RSI is 64.55 and the ADX has declined from its September peak. Retail positioning is heavily bullish, with 71.3% of traders long, while top traders show a 57.1% long skew. U.S. spot Ethereum ETFs attracted nearly $690 million over five sessions through Sept. 25, led by BlackRock’s ETHA and Fidelity’s FETH, though demand later cooled. About 43.5 million ETH was staked (locked to help secure the network and earn rewards) as of Sept. 28, equal to roughly 35.66% of supply. A close above $2,749 could return $2,800 to focus, while a break above that level could open a path toward $2,900 and $3,000; below, $2,692 is initial support and $2,636 would weaken the short-term setup.

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