Ethereum extended its recovery on September 21, 2026, trading around $2,664 after reclaiming the key $2,560 breakout zone and holding it as support on a retest. The token opened near $2,645, reached an intraday high of $2,700, and was last reported near $2,657.85 on Binance's four-hour chart, down only about 0.1%.
The latest move extends a broader recovery from June's low near $1,500, with a rising trend line intact through July, August, and September. ETH accelerated from below $1,900 to above $2,300 in late August before entering a tighter consolidation.
According to analyst Ali Charts, the move above $2,560 represented a confirmed breakout, with the former $2,500–$2,560 resistance area now acting as the main nearby support. Ali Charts identified $2,760 as the next major upside target. Other analysts pointed to a broader supply zone between $2,800 and $3,000 as a key hurdle. CrediBULL Crypto said ETH had cleared its untapped highs and approached that zone, adding that rejection there could lead to a deeper pullback toward equal lows, while a break above could leave those lows behind.
Momentum indicators remained supportive. The daily Relative Strength Index was at 67.16–67.54, below the 70 overbought threshold and above its moving average. The MACD line rose above its signal line with a positive histogram, signaling strengthening short-term momentum. Celal Kucuker noted ETH had retested a flag breakout and suggested it could reach $3,500 by the end of next month, with a new all-time high possible by year-end, though unexpected geopolitical or political announcements could affect the setup.
On-chain data highlighted by Ted Pillows showed Ethereum's exit queue climbed to 132,832, its highest level in three months. Immediate resistance sits around $2,675–$2,700, followed by the $2,800–$3,000 zone. Key support levels are near $2,600, $2,500, and $2,400 if ETH pulls back. Ethereum remains below its early-2026 levels near $3,000, but the current structure keeps bulls in control while the $2,560 breakout area holds.
