Ethereum Reaches $2,775 Q3 High as 35% Staked Supply Meets 5.34% Treasury Yield

Ethereum has reached a new high of $2,775 in the third quarter, with a 70.6% increase from $1,569.83 in July to $2,689.39 in September. This is the strongest third quarter on record for Ethereum, beating its previous record of 66.55% set in 2025.

The price of Ethereum is currently at $2,716.89, up 2.1% from $2,663.25 a day earlier. The market capitalization is $331.7 billion, with a circulating supply of 122.08 million coins.

U.S. spot Ethereum ETFs drew in $3.1 billion in the third quarter, after two straight quarters of outflows. Bitmine holds 6,001,302 ETH, or 4.9% of total supply, and stakes 84% of its holdings.

The quarterly high of $2,775.17 is a key level to break, with a 70.6% quarter followed by a sideways consolidation under $2,775 being a healthy setup for a fourth-quarter extension.