Ethereum
Ethereum Rises Past $2,600 Driven by $85 Million in Short Liquidations
Ethereum advanced past the $2,600 resistance level following a wave of forced short liquidations across cryptocurrency derivative markets.
Ethereum advanced past the $2,600 threshold on September 18, 2026, trading at $2,616 with a daily gain of 6.7 percent. The token traded between $2,436 and a high of $2,622 during the session, bringing its total market capitalization to around $319 billion. While the price is up roughly 25 percent over 30 days, it remains approximately 47 percent below its all-time high of $4,946 set in August 2025.
The move broke through a prior technical resistance zone around $2,600, where previous upward attempts had stalled earlier in the month. Market data reported by CoinDesk indicates that the rapid upward momentum was accompanied by the forced closure of roughly $85 million in leveraged Ethereum short positions, part of $470 million in total crypto liquidations over 24 hours.
The sustainability of the move depends on whether buyer demand continues once forced repurchases by short sellers subside and whether the former $2,600 resistance level can establish itself as support.
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