Tip: Try a valid symbol or a specific company name for relevant results A pro-grade research workspace with advanced charts, company data and real-time news. Now part of Yahoo Finance Gold.Learn more Why Is Ethereum Up Today? It Just Broke Above $2,672, Opening the Door to $3,000 The above button links to Coinbase.
Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. **Ethereum** (CRYPTO:ETH) is trading at $2,725 today, which is a 5.4% increase in the last 24 hours, 7.6% for the week, and 12.6% over the past 30 days, resulting in a market capitalization of about $332.5 billion.
The Ethereum price crossed the significant $2,672 threshold, a level traders have monitored closely over the past month. This follows a week when Ethereum closed at $2,644, just below that mark. Ethereum Crossed $2,672 During the Session But Not on the Weekly Close The $2,672 level comes from Fibonacci retracement analysis, which traders use to identify support and resistance.
This Fibonacci level has been a critical point for Ethereum, and it has oscillated around this value for weeks. Chart analysts had set a threshold: a weekly close above $2,672 would signal a potential run toward $3,000. However, Ethereum missed this mark by closing the week of September 20 just $28 short, at $2,644.
Since a mid-session touch is viewed differently than a weekly close, today's spike is still a work in progress. For traders, a daily close above $2,800—2.8% higher than the current price—would indicate that the Ethereum price has maintained its upward momentum post-squeeze. Meanwhile, the upcoming weekly close on September 27 will determine if $2,672 is truly reclaimed. 24/7 Wall St has helped investors make money for over two decades, and our top analysts just finished ranking the definitive _Top 10 Stocks To Buy Now_.
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