TLDR Ethereum trades near $3,089, down 1.2% in 24 hours, with risk of retesting $3,000 support unless it breaks above $3,400 resistance The $3,020 support levelTLDR Ethereum trades near $3,089, down 1.2% in 24 hours, with risk of retesting $3,000 support unless it breaks above $3,400 resistance The $3,020 support level

Ethereum (ETH) Price: Elliott Wave Signals at Potential Wave 3 Rally

2025/12/15 15:50

TLDR

  • Ethereum trades near $3,089, down 1.2% in 24 hours, with risk of retesting $3,000 support unless it breaks above $3,400 resistance
  • The $3,020 support level has held multiple times and remains critical for preventing further downside correction
  • A breakout above $3,150 trendline resistance could push ETH toward $3,380, but requires volume confirmation
  • Elliott Wave analysis suggests Ethereum may be entering Wave 3, which historically has led to vertical price rallies
  • Ethereum spot ETFs saw $209 million in net inflows during the week of December 8-12, with BlackRock’s ETHA leading at $139 million

Ethereum trades near $3,089 USD as of December 15, 2025, down 1.2% in the last 24 hours. The second-largest cryptocurrency by market cap continues to move sideways just below the $3,400 resistance level.

Ethereum (ETH) PriceEthereum (ETH) Price

Trading volume sits at approximately $11 billion over the past 24 hours. This volume has declined in recent sessions compared to earlier periods this year.

Crypto analyst Ted noted on X that Ethereum faces a high chance of retesting $3,000 unless it reclaims the $3,400 level. The current consolidation phase differs from earlier ranges this year due to lower trading volumes.

The reduced volume suggests decreased speculative participation rather than aggressive selling pressure. Traders remain divided on whether the current price represents a buying opportunity or signals continued weakness.

Key Support and Resistance Levels

The $3,020 support level has become critical for Ethereum’s price action. TradingView analyst Bahardiba points out this level has reacted multiple times as a support floor.

If Ethereum holds above $3,020, it could slow down the current correction phase. The price must break above $3,150 trendline resistance to regain bullish momentum.

A confirmed breakout above $3,150 with expanding volume could push ETH toward $3,380. Conversely, a drop below $3,020 would suggest the consolidation remains unresolved.

The range between $3,020 and $3,150 will likely determine Ethereum’s next move. How the price reacts at these levels matters more than the levels themselves.

Crypto strategist Merlijn The Trader suggests Ethereum may be entering Wave 3 in an Elliott Wave sequence. Wave 3 rallies have historically led to vertical price movements in previous cycles.

Elliott Wave Framework

The Wave 1 phase built the base for the current structure. Wave 2 created a shakeout that tested trader conviction.

Wave 3, if it materializes, could send Ethereum into vertical mode. However, Elliott Wave analysis remains interpretive and not guaranteed.

The Wave 3 thesis would weaken if ETH loses the $3,020 support on expanding volume. Technical confirmation and market sentiment must align for any bullish scenario to play out.

Traders should watch for volume spikes and repeated support tests. Rejection patterns at resistance levels provide additional context for price direction.

Investor sentiment remains mixed across the market. Some traders target short-term levels of $5,000 to $6,000 if Ethereum breaks out.

Others remain cautious due to macroeconomic uncertainty and potential interest rate adjustments. Whale activity could amplify short-term price swings in either direction.

Large holders’ accumulation or liquidation patterns influence Ethereum’s trajectory. Watching for these movements provides insight into institutional sentiment.

Ethereum spot ETFs recorded $209 million in net inflows during the trading week from December 8 to December 12. BlackRock’s ETF ETHA led with $139 million in weekly net inflows, bringing its total historical net inflow to $13.23 billion.

Fidelity’s ETF FETH recorded $35.35 million in weekly net inflows, with total historical net inflow reaching $2.66 billion. Grayscale Ethereum Trust ETF ETHE saw the largest weekly net outflow of $34.17 million.

The total net asset value of Ethereum spot ETFs stands at $19.42 billion. The ETF net asset ratio sits at 5.22% relative to Ethereum’s total market capitalization.

Cumulative historical net inflow for Ethereum spot ETFs has reached $13.09 billion as of the reporting date.

The post Ethereum (ETH) Price: Elliott Wave Signals at Potential Wave 3 Rally appeared first on CoinCentral.

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