Ethereum trades near $2,677 as $2,700 resistance remains in focus

  • Ethereum recovered toward $2,700 after an intraday decline on September 28.
  • $486.95 million in crypto liquidations included $392.23 million from long positions.
  • U.S. spot Ether ETFs recorded $86.95 million in net inflows on September 25.

Ethereum traded at $2,676.75 on September 28 at 16:00 UTC, down 0.5% over 24 hours after recovering from an intraday decline. The cryptocurrency ranged from $2,636.99 to $2,698.21, leaving $2,700 as the immediate resistance level and $2,640 as the support area identified by crypto analyst Ali. Ali said ETH appeared to be forming a bull flag (a consolidation pattern that can precede an upward move) on lower timeframes, with an hourly close above $2,700 potentially confirming the setup and bringing $3,000 into view. Ethereum’s market capitalization was about $326.7 billion, with $15.1 billion in 24-hour trading volume. Total crypto liquidations reached about $486.95 million, including $392.23 million in long positions, while ETH accounted for $74.65 million. U.S. spot Ether ETFs recorded $86.95 million in net inflows on September 25 and accumulated about $13.94 billion in net inflows.

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