Ethereum Just Defied the September Curse But a Major Resistance Wall Still Stands

Ethereum is attracting stronger buying interest from several corners of the market, though a major resistance level remains in focus. September 2026 is turning out to be entirely different for Ethereum, as it appears to have bucked the “September Curse.” Since the start of the month, ETH is up by more than 9%. Fresh data also revealed that the asset may be approaching a major resistance zone before a potential bullish move. Real Test According to the latest findings by Ali Martinez, whale activity has risen sharply across the Ethereum network. Transactions worth more than $1 million jumped nearly 500% in the past week. The number of such transactions increased from 1,202 to 7,113. Martinez also found that large holders accumulated more than 320,000 ETH. At current prices, this stash is worth around $864 million. However, Ethereum still faces a major wall between $2,722 and $2,822. More than 13.3 million ETH were previously traded in this range, which makes it a significant hurdle. Martinez said several failed breakout attempts could occur. If the leading altcoin breaks above this zone decisively, the next resistance levels are near $2,970 and $3,366. According to the analysis, risi...