Ethereum Breaks Above $2,750 Amid Broader Crypto Market Volatility

Ethereum's price has broken above $2,750, catching the attention of traders as they navigate significant liquidations of short positions. According to @lookonchain, a CryptoTwitter commentator, major liquidations occurred for both Ethereum and Bitcoin on September 21, 2026.

The broader crypto market is reacting to Bitcoin's recent price action, which also broke above $85,000. Despite Ethereum's recent price surge, it has been trailing Bitcoin, raising concerns about its ability to keep pace.

Traders are increasingly cautious as they reassess their positions amid these developments. A notable liquidation of 5,867 ETH ($16.13 million) reflects changing market dynamics.