Ethereum Tests $2700-2800 Resistance Ahead of the September 28 Sepolia Fork

• • ETH is holding above $2680 after briefly touching $2630, its highest since January, backed by a surge in whale activity and over 40 million ETH now staked.
• • However, the daily chart shows bearish divergence (price making higher highs, RSI making lower highs), a sign of weakening momentum even as the primary trend stays up.

Ethereum (ETH) briefly broke above $2630 on September 19, its highest since January, driven by a surge in whale activity and a record 207.17 million non-empty wallet addresses. Over 40 million ETH is now staked, with Ethereum DeFi TVL at roughly $50 billion. The $2681.75 (Rp47729787) entry is the midpoint of two independent market data sources ($2687.32 and $2676.17), a 0.42 percent spread, not treated as a conflict. Numeric technical drivers: 14-day RSI in the 64.7-67.7 range (nearing overbought), the 50-day MA at $2175.10 above the 200-day MA at $2055.50 (a structurally bullish trend), support in the $2600-2650 zone, resistance in the $2700-2800 zone - the same level that has rejected prior advances. TradingView notes bearish divergence on the daily chart (price higher high, RSI lower high), an early warning sign even as the primary trend stays up. Dated catalyst: the Sepolia testnet fork is scheduled for September 28 (4 days out), part of preparation for the Glamsterdam upgrade, which has slipped to Q4 2026. The first target is $2765 (Rp49201470), about 3.1 percent above entry, within 5 days, with a second target at the top of the resistance zone at $2800 (Rp49834400), about 4.4 percent above entry, if the Sepolia fork goes smoothly.

The bearish divergence on the daily RSI is an early warning sign that could precede a correction, especially if the $2700-2800 resistance fails on repeated attempts. This scenario is void if price breaks below $2600 (Rp46274800), the lower bound of the tested support zone.