Ethereum Price Eyes $3,000 If it Clears Key Resistance

Ethereum's price has been consolidating below its key weekly resistance level at $2,550. Analysts believe that if Ethereum can close above this level, it could open up a path towards $2,800 and then $3,000.

Currently, the price is trading near $2,492, with buyers testing an important resistance zone. However, a weekly close below $2,400 could expose Ethereum to an 8-10% decline from current levels.

The U.S. spot Ethereum ETFs recorded net outflows of $24.2921 million on September 8, while liquidity remains concentrated near $2,600.