After rising 5.7% over the previous day, Ethereum was trading at $2,716.86 at the time of writing, having finally broken the long-standing resistance mark at $2500. Returning to levels last observed in February 2026, ETH exhibited a notably robust performance in Q3. According to quarterly returns chart, Ethereum has experienced an increase of 67.57% in Q3 2026, with nine days remaining in September. This marks the most robust third quarter since 2016.
This followed ETH experiencing two successive negative quarters in the first half of 2026, with a decline of approximately 29% in Q1 and an additional 25% in Q2. However, this was in direct contrast to Ethereum’s validator exit queue, which reached 132,832 ETH – the highest level in three months. In other terms, a greater number of validators are poised to withdraw their staked ETH, indicating a heightened likelihood of selling pressure. However, as reported, Bitcoin exchange reserves are on the rise, whereas Ethereum exchange reserves are experiencing a decline.
This indicates that a smaller quantity of ETH is available for sale, potentially signalling a decrease in immediate selling pressure. Given the interconnected nature of the market, the outcome hinges on whether ETH can maintain its position above the $2500 price threshold or if it will decline below $2000 should bearish sentiment prevail. Yet, despite the uncertainty, many in the crypto community are optimistic as they believe that 3,200-3,600 could be next.
