Ethereum's price has risen from around $1,510 in July to nearly $2,780 in late September, with analysts eyeing a possible breakout to $3,400. Bitmine Immersion Technologies now holds about 4.9% of Ethereum's total supply, staking 85% of its holdings and projecting $357 million in annual staking revenue. The network's transaction revenue recently hit its highest daily total in a week, signaling strong activity. Traders are closely watching the $3,400 resistance level, which could set a new higher trading range if surpassed.
Ethereum price approaching $3,400 as Bitmine nears 5% of supply. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Sep 23, 2026 15:41 WIB: Out of 50 major cryptocurrencies priced on Pluang, 40 rose and 9 fell today. Notable movers include VET (VeChain) at Rp174 with a 1-day change of +7.68%, AXS (Axie Infinity) at Rp20,442 with +7.09%, and AAVE (Aave) at Rp2,691,445 with +6.63%.
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