Will Ethereum (ETH) Reach $3,000 by December? Analyzing Possibilities

Ethereum trades near $2,505 today. To reach $3,000 by December, it needs a gain of approximately 20% in 3 months. That is possible in crypto, but the chart makes it a difficult climb. ETH has dropped approximately 7% since October 6, when it sat near $2,697. In late September, it moved sideways between support near $2,620 and resistance near $2,800. Now, the price is below that range, and the $2,650 area has turned from support into a ceiling. The 50-day average near $2,492 is the next floor to watch , with the 100-day near $2,321 below it.

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