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Ethereum price jumps above $2,600 driven by a short squeeze and regulatory signals.

Technical Signals
18 Sep 2026, 23:15 WIB
CryptoTicker
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Bullish
Ethereum price jumps above $2,600 driven by a short squeeze and regulatory signals.

Ethereum surged past the $2,600 mark, reaching $2,616 on September 18, 2026, boosted by a short squeeze that forced $85 million in short positions to close. This rapid price rise reflects forced buying rather than organic demand, so its sustainability depends on continued buying without leverage. Despite recent gains, Ethereum remains 47% below its all-time high of $4,946 from August 2025. Regulatory developments, including US crypto rule proposals, also supported the market. Investors should watch if $2,600 holds as new support and be cautious with leveraged positions due to high volatility and liquidation risks.

Following Ethereum's surge past $2,600, on Pluang the cryptocurrency trades at Rp46.664.889 as of September 19, 2026, 03:22 WIB, showing a strong 1-day gain of 7.18%. Market activity remains balanced with 51% of orders to sell and 49% to buy, while typical holders keep their positions for about 106 days. This data highlights active engagement and notable price momentum shortly after the reported short squeeze event.

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