ETH down 12% from Oct 1-3 after failing to break $2,650 resistance. 😬

- ETH price down 5% from Sep 1, but total crypto market cap up 1.4%.

- ETH ETF launch in US fails, loses $552 million.

- Vitalik Buterin and Ethereum Foundation sell ETH, putting downward pressure on price.

- ETH hopes to become "ultrasound money" have not come true.

📈 However, Ethereum network activity remains strong:

- 7-day trading volume reaches $26.2 billion.

- Active addresses up 27%, trading volume up 41%.

- Uniswap up 33%, Balancer up 122%, Curve up 143%.

ETH needs to balance scalability and incentivizing investors to hold ETH to recover to $2,800.

What do you think about the future of ETH? Comment! 💬