ETH Stalls at Key Resistance as Q4 Outlook Remains Uncertain

Ethereum's third quarter performance was one of its strongest on record, with the asset gaining roughly 60% during this time frame, according to PrimeXBT market data.

This impressive rally has been supported by institutional demand, with US spot Ethereum ETFs recording about $287.5 million in net inflows over the five trading days through Sept. 29.

However, despite the strong performance, ETH has struggled to hold above $2,800, an area that remains a key resistance point for the asset.