SEC approves 3x leveraged Ethereum ETFs
Ethereum (ETH)
Editor:
Eugene Serbin
tradersunion.com reports that the U.S. Securities and Exchange Commission approved a rule change on October 2, 2026, allowing the listing of six 3x leveraged exchange-traded products, including a 3x Ethereum ETF via the Volatility Shares Trust. This regulatory milestone aims to broaden institutional accessibility for leveraged exposure to Ethereum, with trading pending registration effectiveness. Ethereum is currently trading at $2,706, holding above key moving averages that signal ongoing upward momentum.
Technical analysis shows the price sits above the MA-20 at $2,688 and the MA-50 at $2,693 on the hourly chart. On the daily timeframe, ETH remains well above the long-term MA-200 at $2,116. The Ichimoku Kijun at $2,686 provides the nearest support, while resistance forms near the recent session high.
Short-term indicators show mixed signals, with MACD and RSI at 59.15 suggesting buy conditions, though Stoch RSI and CCI flag overbought conditions. Analysts forecast consolidation between $2,661 and $2,738, with a bullish breakout requiring a move above $2,738. The network also launched zkAPI and the Cobalt upgrade for Base to improve privacy and scalability. Earlier data indicated that cryptocurrency job openings accelerated in the third quarter despite declining applicant volumes.
How the market reacted
Whalio's own Binance spot order flow for ETH, measured when this story was written up on 4 October 2026. Not the outlet's figures.
Whalio spot data shows Ethereum trading at $2,687.23 with a 1-hour buy ratio of 53.2% and a 4-hour buy ratio of 56.2%. These short-term readings are higher than the 24-hour buy ratio of 55.7%, indicating that buying pressure is building in the immediate term. The volume delta reflects this activity, showing a positive +$570,093 over the last hour and +$3,819,101 over four hours. Over the full day, the volume delta stands at +$24,050,482, with cumulative buying pressure (CVD) closing at +$23,410,567. This means that buy volume has consistently exceeded sell volume across all measured timeframes. Net buying occurred for 15 out of the 24 hours, confirming sustained buyer control during the session.
The latest daily buy ratio of 46.8% sits at the 16th percentile of the last 322 days, against a median of 49.5% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ETH, averaged over the days leading up to the story.
This buying activity contrasts with the preceding week, where the average buy ratio was only 47.5%. Today's 24-hour buy ratio of 55.7% represents an 8.2 point increase over that weekly average. However, spot volume of $212,257,993 is just 0.30 times the weekly average, indicating significantly lower trading activity. While the previous week saw only one day of net buying, today’s metrics show a clear shift toward net accumulation. This is an unusual day for the coin, characterized by higher buy ratios but substantially reduced volume compared to the weekly norm.