Ethereum Tests $2,800 Resistance Amid Mixed Market Signals

Ethereum (ETH) started the week at $2,710, marking a 0.5% increase over the past 24 hours, as buyers attempted to breach the $2,700 resistance level. Bitcoin rose 1.3% to $85,900, while the total market capitalization climbed 0.7% to $3.01 trillion. However, Ethereum faced challenges, including $138 million in net outflows from spot ETFs, contrasting with Bitcoin ETFs, which attracted $241 million. Additionally, a security breach on the Base layer-2 network resulted in a $6 million theft.

Despite these hurdles, Ethereum's technical structure remains solid, with the price holding above an ascending trendline and key moving averages. A sustained close above $2,800 could signal a rally toward $3,000 or higher. However, repeated upper wicks near the resistance indicate that sellers are still active, keeping the upward momentum unconfirmed.

Meanwhile, LiquidChain, a Layer 3 infrastructure project, aims to integrate liquidity from Bitcoin, Ethereum, and Solana into a single execution environment. The project offers features like single-step execution and verifiable settlement, with a current price of $0.014962 and $980,692.59 raised so far. The upcoming Glamsterdam Sepolia testnet on October 6 could influence market sentiment, but it does not guarantee a mainnet upgrade or price change.