Ethereum currently trades near $2,505 and needs an approximate 20% gain to reach $3,000 by December. On the technical side, the $2,650 area has become resistance, with support levels at $2,492, $2,321, and $2,272. Spot Ether ETFs lost $85.4 million on October 12, ending a streak of inflows that totaled approximately $445 million in September. Additionally, fee burns offset only about 2% of new ETH issuance, with supply still growing by approximately 0.64%. Reaching $3,000 by December is possible, but it is not the most likely outcome.
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