ETH Misses $2,800 Weekly Close: Can it Still Reach $3,400?

Pioneer altcoin ETH has been trading under $2,700, failing to close above $2,800 this week. This missed opportunity could potentially impact its chances of reaching $3,400.

In September, both BTC and ETH experienced a promising surge in prices. BTC reclaimed the $80,000 mark, narrowly missing $88,000, while ETH traded just shy of $2,800 at $2,700. Analysts had hoped for ETH to break past its resistance level and surge above $2,800.

However, this move failed to materialize as ETH's price dropped slightly, likely following Bitcoin's lead, to face a retracement to the $2,600 price range. CoinMarketCap analytics show that ETH is down by over 2.7% in the last 24 hours and 2.24% over the last 7 days.

Despite this correction, ETH still holds an impressive 8.5% growth over the last 30 days. As Q3 2026 comes to a close, investors, traders, and analysts watch with bated breath to see how the last few days of September will play out.