Ethereum price prediction: ETH near $3,000 – rally or retreat ahead?

As of December 2, Ethereum is bouncing between $2,726 and $3,023, showing just how unpredictable the crypto market has been lately.

With big outflows from Ethereum ETFs adding extra pressure, traders are keeping a close eye on ETH price to see which way it might swing in the coming days.

Current market scenario

Ethereum (ETH) is currently trading near $2,997, up sharply on the day, despite a decline that followed investors pulling $1.42 billion from Ethereum ETFs in November — further weakening an already fragile crypto market. This highlights just how cautious traders have become lately.

Because Ethereum is still so sensitive to macro news and liquidity shifts, the market feels shaky. And based on the latest ETH forecast updates, we’re likely in for more turbulence until a strong technical level gets confirmed.

Upside outlook

Bullish traders are encouraged as ETH has surged past the $2,800 support and is now trading around $2,997. With this rebound, the price could push toward $3,000, with the next targets at $3,100–$3,120 and, if momentum holds, $3,200–$3,250.

A healthier ETH outlook would need both steady buying pressure and a more stable market environment. If bulls take control again, there could be some decent upside opportunities, but it won’t take much negative news to slow things down.

Downside risks

Should ETH move below its $2,800 support, the price may fall to $2,620-$2,640, prolonging the downtrend and weakening overall sentiment.

With macro conditions still shaky and money continuing to flow out of the market, the ETH outlook points to more volatility ahead. Traders should stay cautious and watch those support levels closely. For now, any Ethereum price prediction is pretty flexible since the market is changing so quickly.

Ethereum price prediction

The ETH forecast doesn’t offer much clarity right now, and the $2,800 mark remains the key level to watch. If it fails to hold, a drop toward $2,620-$2,640 becomes more likely. With 2025 wrapping up, traders should stay sharp and keep both possible gains and losses in mind when making Ethereum price predictions. The next few weeks could set the stage for early 2026.