Ethereum Price at Crucial Juncture as October Begins

The Ethereum price has been steady near $2,695 in early October after a significant gain of 32.6% in August and another 8.8% in September.

A key resistance zone stands at $2,775-$2,800, which needs to be cleared for ETH to move towards the $3,000 target.

The token has spent the opening days of October hovering around $2,700 after reaching an intraday high of $2,775 on Oct. 2 but failing to hold it.

Ethereum's price needs to break above $2,800 for a potential move towards $3,000, with the existing rising channel pointing towards approximately $2,950-$3,100 later in the month if momentum continues.