Ether is trading at around $2,670 late on Friday evening, October 2, 2026 (according to CoinGecko). That is the lowest daily close since September 20, and it comes in a week in which institutional money is leaving Ether: for three trading days in a row, investors have pulled money out of the US spot Ether ETFs on a net basis, while the Bitcoin funds are gathering cash again. For the Ethereum price prediction that is a warning signal, but not yet a break.
What the ETF Numbers Show
On October 1 the Ether ETFs lost a net $55.4 million, the third daily outflow in a row. Across those three trading days the outflows added up to roughly $118 million, Cointelegraph reports using data from SoSoValue. On the same day the Bitcoin ETFs took in $102.7 million.
The outflows are small set against September. In that month $832 million flowed into the Ether funds, the second-highest monthly figure since August 2025, after $1.85 billion in August, as The Block breaks down. Three weak days do not undo a strong month. They do show, though, that demand from the funds is easing as the fourth quarter begins.
Ethereum Price Prediction: The Levels on the Chart
The third quarter was a strong one for Ether: from June 30 to September 30 the price rose from around $1,570 to $2,685, a gain of 71 percent (daily closing prices, CoinMarketCap). How to read that quarter is set out in our quarterly review of Ethereum. Ether therefore sits well above its 50-day average (around $2,465) and its 200-day average (around $2,315), both calculated from daily closing prices.
$2,775 is the level on the upside, the closing price of September 21. Every close since then has been below it. Only a daily close above would show the sideways phase resolving to the upside.
$2,645 is the level on the downside. Ether closed there on September 20, immediately before the jump to the September high. With the October 2 close at $2,669 the price is barely one percent above it. The daily low of the past 24 hours was $2,653 (according to CoinGecko).
Around $2,465, the 50-day average, is the next line below that. Between $2,645 and $2,465 sit the closes of September 18 and 19 at roughly $2,610 to $2,635, as a staging post.
Why Ether Is Falling Behind Bitcoin
Over the seven days to Friday evening Ether gave up about half a percent, while Bitcoin added just under one percent (CoinGecko). The gap is small, the direction of the fund money unambiguous. On top of that comes a supply question: around 1.6 million ETH are queuing to exit staking, as we measured at the end of September. Anyone leaving staking is then free to sell, but under no obligation to do so.
What Could Give the Price a Tailwind
Against the weak days stands a re-rating from outside: the US bank Citi has raised its twelve-month price target for Ether to $3,028, as we reported on Friday. That is a good 13 percent above the current price. A price target is not a forecast, but it does show how the large houses value the asset.
For investors in Germany, staking remains the most direct way to earn a running yield on Ether. Anyone planning to stake should compare exit waiting times and custody arrangements, for instance in our comparison of staking providers.
Ethereum: What to Take Away
Three points sum up the picture. First: the Ether ETFs have been losing money for three days and the Bitcoin funds have not, which weighs on the relative price. Second: the $2,645 level is barely one percent below the price, and a close beneath it would end the sideways phase to the downside. Third: September, with $832 million of inflows, showed that the demand is fundamentally there.
Anyone taking profits from the quarter should know the holding period: Ether held for less than a year is taxable on sale in Germany as soon as the annual allowance of 1,000 euros is exceeded. Whether buying in at the current price makes sense is assessed in our analysis Is Ethereum a good buy at current prices?. Crypto assets are highly volatile and a total loss is possible. This article is not a recommendation to buy or sell Ether.
(As of October 2, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)
Be the first to comment