# Ethereum Breaks $2,672, Eyes on $3,000

> Ethereum just hit $2,672 after Bitcoin short squeeze, with $3,000 in sight if it holds.
- Title: Ethereum Breaks $2,672, Eyes on $3,000 · 24/7 Wall St.
- Summary: Ethereum just hit $2,672 after Bitcoin short squeeze, with $3,000 in sight if it holds. Ethereum's rise is driven by Bitcoin's short squeeze, not its own…
- Keywords: ethereum, bitcoin, short squeeze, fibonacci, crypto, market, 2672, 3000, 2026, september, eth, btc
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/09/21/why-is-ethereum-up-today-it-just-broke-above-2672-opening-the-door-to-3000
- Author: Sam Daodu
- Published: 2026-09-21T13:40:00+00:00
- Read time: 1 min
- Topics: ethereum, bitcoin, short squeeze, fibonacci, crypto, market, 2672, 3000, 2026, september, eth, btc
## Ethereum crosses $2,672
Ethereum traded at $2,725 today, a 5.4% gain in 24 hours.
## Fibonacci level tested
Traders watched the $2,672 Fibonacci retracement for weeks before it broke.
## Bitcoin short squeeze
Bitcoin surged 1.5% as exchanges liquidated $313 million in short positions.
## Ethereum gains with Bitcoin
Ethereum rose 5.4% alongside Bitcoin during the market rally.
## Key resistance levels
The next resistance is $2,800, followed by $2,950 to $3,000.
## Weekly close critical
Ethereum must close above $2,672 by September 27 to reach $3,000.
## Key takeaway

Ethereum's rise is driven by Bitcoin's short squeeze, not its own momentum.