Ethereum closed September at $2,685, up 9% for the month, after reaching $2,806, its highest level in eight months. The $2,700-$2,800 range, which has repeatedly switched between support and resistance, is reemerging as a critical technical pivot that the price is now testing from below. The Ichimoku indicator, used by the founder of Crypto Stratège, generates a bullish signal with a target between $3,170 and $3,350, provided ETH successively clears the $2,806 and $2,900 thresholds. Citigroup raised its 12-month price target on ETH from $2,240 to $3,028 at the end of September, while US spot Ether ETFs posted six consecutive days of net inflows. The upcoming Glamsterdam upgrade on the mainnet, targeted for Q4, combined with sustained buying flows, are reinforcing the upward momentum.
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