Ethereum Targets $3,000 as Short Positions on Bitfinex Surge

Ethereum's price prediction for October 2026 remains bullish above $2,445, the support it needs to hold its August breakout intact. According to TradingView, Ethereum has yet to break cleanly through a rising trendline near $2,700, currently trading at $2,662.58 after pulling back from a September peak near $2,800.

The 20-day exponential moving average (EMA) sits at $2,616.57, with the 50-day EMA and Supertrend forming the next cushion around $2,445. The Supertrend has stayed in buy mode since July, and Ethereum trades above all four EMAs.

Historically, Ethereum has closed October higher in seven of 11 years since 2015, with an average return of 5.71% and a median of only 1.44%. In October 2026, Ethereum's price is expected to range between $2,550 and $3,000, with key levels at $2,617 and $2,700.