Ethereum reached $2,712 on September 21 before settling around $2,700, driven by increasing volume and an RSI at 68.66. A whale identified by address 0x4cee purchased 7,567 ETH for approximately $19.9 million, after selling 10,500 ETH a month earlier at an average price of $2,252, generating $3.66 million in profit. The derivatives market is supporting bullish momentum with roughly $3 billion in ETH open interest on Hyperliquid and $170 million in short liquidations as prices broke above $2,700. Holding the $2,560 support could allow ETH to target $2,760, while losing the $2,600 level would weaken momentum.
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