GLOBAL ONCHAIN SUMMIT IS COMING TO MUMBAI
✕ News Bitcoin Stocks Prediction Markets News Trending ETFs US Iran War Clarity Act Crypto Market Live Updates LIVE TradFi Blockchain Regulation Stablecoin DeFi DATs Tokenization Loading... More News → Markets Price Analysis Price Prediction Crypto Prices Calculator Crypto Stocks Market Brief Prediction Markets Loading... More News → Top Picks Best Crypto Exchanges Best Crypto Cards Prediction Markets Wallets DeFi AI For Businesses Tokenization Platforms Institutional Investors Stablecoin Infrastructure Best DEXs Best Perp DEXs Best Futures Platforms Best No-KYC Exchanges Best Pre-IPO Tokens Platforms Crypto Cards Compare No KYC Crypto Cards Travel Crypto Cards Crypto Card Offers Stablecoin Cards UK Crypto Cards USA Crypto Cards Cashback & Rewards Crypto Cards Best Regulated Prediction Markets in the US Best Crypto Prediction Markets Best Sports Prediction Market Best Leveraged Prediction Market Best Geopolitical Prediction Market Best Prediction Market Tools Best Crypto Wallets Self-Custody Wallets MetaMask Alternatives Best DeFi Platforms Best Crypto Swaps Best DEX Aggregators Best Staking Platforms AI Crypto Wallets AI trading bots Web3 AI Agents Best Payment Gateways Top Audit Firms Best Tax Softwares Best Prop Firms Best Telegram Channels Top Marketing Firms RWA Tokenization Platforms White Label RWA Platform Tokenized Asset Custody Crypto Exchanges For Tokenized RWAs Institutional Crypto Lending Best Tokenized Asset Custody Exchanges For Institutional Investors Best Institutional Crypto Staking Platforms Best Stablecoin Infrastructure Provider Best Stablecoin Orchestration Platforms Best Stablecoin Settlement Platforms Best Crypto Wallet Infrastructure Providers Best Stablecoin APIs Loading... More Top Picks → Enterprise Brand Pulse CXO Stories Opinion Interviews Funding Explorer Tokenization Tracker M&As Startup Product Launch Expansion Loading... Visit Block of Fame: Our B2B Hub → Podcast Review & Rating Exchange Ratings Wallet Ratings Crypto Card Ratings Loading... More Ratings → Research Case Studies Quarterly Reports Deep Dive Reports Loading... Visit Research → Company About Us Editorial Team Editorial Policy Careers Advertise Contact Us Submit PR ABOUT COINGAPE
CoinGape delivers live crypto news, reporting, market analysis, project analysis, listicles, reviews & ratings, combining macro coverage to surface real market signals
More Education Blog Glossary Events Loading... Ecosystem Block of Fame Voice of Web3 Awards BUZZ3 Podcast Ecosystem Block of Fame Voice of Web3 Awards Global OnChain Summit BUZZ3 Global Onchain Summit | Awards Prediction Markets NEW Web3 Projects AEO RWA Discovery Crypto Lawyers EN PT ES DE b btc $83,061 ▲ 0.13% e eth $2,504 ▼ 0.13% b bnb $749 ▼ 0.49% s sol $110 ▼ 0.84% x xrp $1 ▼ 0.68% u usdc $0.9997 ▼ 0.00% a ada $0.2481 ▼ 3.68% d doge $0.0857 ▼ 0.75% b btc $83,061 ▲ 0.13% e eth $2,504 ▼ 0.13% b bnb $749 ▼ 0.49% s sol $110 ▼ 0.84% x xrp $1 ▼ 0.68% u usdc $0.9997 ▼ 0.00% a ada $0.2481 ▼ 3.68% d doge $0.0857 ▼ 0.75% b btc $83,061 ▲ 0.13% e eth $2,504 ▼ 0.13% b bnb $749 ▼ 0.49% s sol $110 ▼ 0.84% x xrp $1 ▼ 0.68% u usdc $0.9997 ▼ 0.00% a ada $0.2481 ▼ 3.68% d doge $0.0857 ▼ 0.75% b btc $83,061 ▲ 0.13% e eth $2,504 ▼ 0.13% b bnb $749 ▼ 0.49% s sol $110 ▼ 0.84% x xrp $1 ▼ 0.68% u usdc $0.9997 ▼ 0.00% a ada $0.2481 ▼ 3.68% d doge $0.0857 ▼ 0.75% Buy Ad Buy on Binance
Ad Home / Price Analysis / Why Analysts Think Ethereum Price Could Rally to $3K This Week Why Analysts Think Ethereum Price Could Rally to $3K This Week 05 Oct, 2026 By Frank bevah Frank bevah
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets. Read full bio Copied! Why Trust CoinGape CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information. Highlights
Ethereum price reached $2,707 on Monday, rising 0.52% over 24 hours while holding above $2,700. The move keeps a near-term advance toward $3,000 in focus for the week
The wider cryptocurrency market gained 0.68% during the same period, lifting its capitalization to $2.93 trillion
Bitcoin price remained above $85,000, and XRP was trading above $1.50 as the major cryptocurrencies continued their gains. The latest advance follows several weeks of gains across these assets since the middle of September
Ethereum reportedly recorded its first weekly close above $2,700 in nine months, adding to the positive outlook
The Ethereum treasury firm Bitmine acquired 15,112 ETH last week, lifting its holdings to 6,016,414 tokens. Those holdings represent approximately 4.9% of Ethereum’s total supply, bringing the company closer to its 5% ownership target
🚨BITMINE JUST BOUGHT ANOTHER 15,112 ETH!
Bitmine added 15,112 ethereum:native over the past week, about $41 million at the $2,726 price in the release
Holdings are now 6,016,414 ethereum:native, 4.9% of supply, and the company says it is 99% of the way to its 5% target
Total crypto, cash and stakes are $17.4 billion
— Crypto Banter (@crypto_banter) October 5, 2026
The weekly addition was worth roughly $41 million, based on the release’s quoted Ethereum price of $2,726. Bitmine’s cryptocurrency holdings, cash, securities and investment stakes reached a combined $17.4 billion, according to the company’s latest update
Crypto analyst Ted Pillows said Ethereum recorded its highest weekly close in more than eight months. He identified $2,800 as the key threshold for a sustained upward move
$ETH closed its highest weekly candle in 8+ months
Now, Ethereum needs a weekly close above $2,800 with strong spot demand and it’ll rally towards $3,400-$3,500
The analyst said strong spot demand and a weekly close above that level could support gains toward $3,400–$3,500. His analysis also marked initial support near $2,550 and another around $2,200. The chart showed $1,965 as another support level if downward pressure intensifies
The Ethereum derivatives market recorded higher activity, with trading volume increasing 15.17% to $29.02 billion. Open interest rose 1.14% to $34.10 billion, indicating an increase in the value of outstanding contracts
The volume of options increased by 33.58% to $1.15 billion, the highest increase of the metrics reported. Options open interest rose 1.62% to $6.25 billion, indicating increased options contract values outstanding
The ETH price rallied about 13% from its September price, which was nearly $2,400, and consolidated at around $2,718 on October 5
The Relative Strength Index registered 57. This positioning suggests a mild bullish tilt
The MACD line stood at 7.45, above the signal line at 4.71, with a positive histogram reading of 2.73
A sustained four-hour close above $2,800 could open the way toward the marked resistance level at $2,900. Further gains could bring $3,000 into focus, representing approximately 10.4% upside from the displayed price
Rejection near $2,800 could further extend consolidation, with $2,600 being a key support to watch. Failure of that support would compromise the recovery and might lead to a reversion of the previous trading range from $2,400
Instant Currency Exchange at BestChange with Ease
1. Why could Ethereum price reach $3,000 this week?
2. What does Ethereum’s rising open interest indicate?
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information
Top 4 Reasons Why Ethereum Price Will Hit $3k This Week
Analyst Predicts Ethereum Price Could Hit $3k This Week, Here’s Why
Why is Uniswap Price Up By 10% Outpacing Bitcoin, Ethereum, and XRP?
Kalshi Traders Predict Ethereum Price May Hit $2,650 This Month
Ethereum Price Outlook: Analyst Predicts ETH Could Hit $3,000 This Month
Bitcoin Price Prediction After Remarks From Fed’s Warsh
1 BTC Welcome Bonus. No KYC to start. → 1 BTC Welcome Bonus. No KYC to start. → Play Now SPIN NOW Win upto $5000 + 100 free spins the 30% Cashback
