Ethereum feet up, approaching critical breach: is this the last wall?

The major surge, which began in August and intensified in September, has already turned the Ethereum ETH mainframe structure into a leg up. Many analysts agree that there is only one remaining key resistance line.$2,800 If this point is decisively crossed,ETH it could open the way to larger movements further downward$3,000 and beyond.$4,000

What's this about?

Daan crypto Traders saw the market structure as having changed, concluding that weekly candlestick closures above both the 200 MA and EMA made a leg up reversal in the big picture more pronounced.

However, he sees$2,800 a major obstacle ahead.ETH If this point is passed, there will be little resistance in the relatively large timeframe before the zone$3,000$4,000 becomes significant again. In addition to being rejected last week,2026 this level has stopped progress several times over the past few years.$2.8K

Daan crypto Trades (@DaanCrypto) posted on September 262026 that$2.8K acting as both a trend and a resistance several times over the course of 2 years, it is often the point leading to further big moves, therefore being a major resistance which should be watched because prices have already been rejected and seemingly still honor this level by such posts with image links.pic.twitter.com/SunZLEkSZ5

Why is level $2,800 important?

For the casual reader, a 200-day moving average is just the price averages for 200 days and it's used as an intermediate trend filter.

The resistance line$2,800 is important because it's not just a round number, but a zone thatETH has been stuck several times over the last 2 years. If price breaks through and turns the zone into an uptrend, the technical structure will give the zones$3,000 and $3,000-$4,000 more of a role in technical evaluation.

Michaël van de Poppe also looks at the big picture ofETH on a positive note, in a recent post he commented that "it's only a matter of time" before assets see another stronger breakout.

What does the market have to prove?

The trend of Ethereum is now simpler than you think: the big time frame has improved a lot, but markets have yet to prove that they can actually turn one zone's toughest resistance into an advantage.

If it is still rejected, the rebound may remain in an upward spiral but has not yet turned into a full-fledged leg structure in the eyes of many technicians.

How does the leverage that's been removed work?

Another CW analyst pointed out that the high leverage position size of ETH has been greatly reduced, with about $2.1 billion buy and close to $4 billion sell positions remaining after previously accumulated leverage was largely erased.

A washed-out position has a twofold effect: on the one hand, selling or buying forces from forcing closing positions that used to make price running fast may decrease; but on the other hand, thinner amounts of positions can causeETH more sensitivity to acceleration, especially when prices are approaching.$2,800

To put it simply: Leverage is borrowing money or using margin to expand a position. When prices are moving in the wrong direction, these positions can be forced to close and cause price action.

Q, withdraw validator . What do you say?

Merlijn The Trader, who has long viewedETH the market structure in a positive light, points to validator empty exit queues and considers that many forced sales have been absorbed during previous price declines.

For beginners, the validator exit queue is a line of validator who want to withdraw from the network. If this line becomes empty or shortened, some observers interpret that pressure from withdrawal or related processes may be alleviated, but it should be noted that this information does not mean an immediate price increase because crypto markets also have volatility factors, news and overall market sentiment.

In addition, he noted that the price is now higher than its July lows,80% which is one reason why he believes Ethereum 's failure to track may have been the biggest mistake of this round.

If you look at the price in baht or use a Thai platform

Thai readers viewingETH on a platform registered under the supervision of the SEC (Thailand) Thailand or through trading platforms such as Bitkub may see prices in baht, even though it is the main level that global markets are eyeing,$2,800 and$3,000 but the price in bahat also depends on the US dollar exchange rate per baht. So cross-currency trend zone comparisons should be based on the U.S. dollar and look at prices in baths as real value in port.$4,000

For cross-border users in the region, including Myanmar who may holdETH for value or transfer across borders, the vulnerability of local platforms and international exchanges affects the actual user experience.

This is not a recommendation to buy, sell or hold any asset and it's not an estimate of the target price but rather a summary of what analysts are looking at.

The source of the news was published on CryptoPotato before being re-arranged for Thai readers.