Ethereum Price Hits $2,700, But Can It Break Through to $3,000?

Ethereum's price has been hovering around $2,700 after gaining 32.6% in August and another 8.8% in September.

The token needs to clear $2,800 for a potential move towards $3,000, but analysts are cautious about the outlook.

According to data from CoinGecko, Ethereum's market capitalization is near $328 billion, while its price has been trading between approximately $2,678 and $2,697 over the past 24 hours.

The price action accelerated in September, with Ethereum moving from around $2,398 on September 15 to $2,775 by September 21 before settling back into the $2,650-$2,700 region.