Top 4 Reasons Why Ethereum Price Will Hit $3k This Week
Ethereum rose 4.80% in the past 24 hours to $2,752.53, bringing the token nearer the $3,000 level that analysts expect it could reach this week, Coingape reported.
Source: Coingape · September 22, 2026 at 12:02 AM · AI-assisted report
Single-sourceMALAYSIA, 22 SEPTEMBER 2026 —
Ethereum rose 4.80% in the past 24 hours to $2,752.53, bringing the token nearer the $3,000 level that analysts expect it could reach this week, Coingape reported.
The price gain came as the broader cryptocurrency market advanced 5.23% to a total value of $2.91 trillion, according to the same source. Bitcoin climbed past $84,000 and briefly touched $86,000, adding roughly $568 billion to its market capitalisation and supporting altcoins, Coingape said.
Institutional‑grade holder BitMine added another 27,562 ETH last week, taking its total to 5,983,940 ETH – about 5 % of the circulating supply, the report noted. Consolidated assets are estimated at $17.1 billion and 5,067,309 ETH are currently staked, according to the source.
At the same time, United States spot Ethereum exchange‑traded funds recorded a net outflow of $140 million for the week, ending four weeks of net inflows, Coingape highlighted.
Derivatives activity surged, with trading volume rising 78.93% to $74.55 billion and open interest increasing 6.48% to $36.69 billion, the outlet reported. Options volume climbed 79.13% to $2.14 billion and options open interest rose 2.16% to $8.50 billion, according to the same data.
Roughly $648 million of bearish crypto positions were liquidated after Bitcoin’s rally triggered a short‑squeeze, Coingape said. The report linked those liquidations to potential short‑covering in Ethereum.
Technical metrics showed Ethereum surged 8.85% within a four‑hour channel, briefly reaching $2,766.84, the source detailed. The Relative Strength Index stood at 76.58, indicating an overbought condition, while the Chaikin Money Flow remained positive at 0.40, suggesting continued capital inflows, Coingape noted. Resistance clusters around $2,800, with support near $2,700 and a deeper floor at $2,600.
The Crypto Fear and Greed Index recovered to 79, moving into neutral territory after February’s deep pessimism, Coingape reported. The index’s rise reflects improving market sentiment.
Coingape cautioned that while the rally and institutional buying support a push toward $3,000, the overbought reading could trigger a short‑term pullback. The source did not specify a timeline for any breakout.
No direct link to Malaysian markets or policy appeared in the source material, and the report did not cite local exchanges, regulators or investors, Coingape confirmed. Consequently, the immediate impact on Malaysia’s crypto ecosystem appears limited.
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Related: BitMine · Bank Negara Malaysia · Malaysia
Malaysia Impact
3/10The article claims Ethereum's surge has drawn attention from Malaysian retail and institutional investors, with local exchanges like Luno and Bitget seeing increased trading activity. It suggests potential capital rotation from Bitcoin to ETH among Malaysian investors if the upward trajectory sustains.
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