Ethereum's price reached a peak of $2,804 on September 21 but has since dropped below a critical support zone ($2,427-$2,358), signaling the start of a larger correction phase. This correction is expected to follow a zigzag pattern with a temporary bounce around $2,625 before potentially dropping to about $2,150. Despite this short-term pullback, the long-term outlook remains bullish, with targets of $6,000 to $9,000 or more as Ethereum completes a multi-year consolidation and prepares for a major upward move.
Ethereum price outlook provides context for cryptocurrency markets. For readers following crypto, here is Pluang's market snapshot as of Oct 16, 2026 01:02 WIB: Among 50 major cryptocurrencies, 25 rose and 24 fell. Axie Infinity (AXS) traded at Rp18.930 with a 1-day change of -2.48% and Pluang order activity showing 1% Sell / 99% Buy. Algorand (ALGO) was at Rp2.050, down 2.47%, with 32% Sell / 68% Buy activity. Bitcoin Cash (BCH) rose 2.43% to Rp4.961.535, with 67% Sell / 33% Buy activity. Typical hold times ranged from 62 to 130 days on Pluang.
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