**Ether Price Dips Amid Market Uncertainty**

Ether (ETH) saw a 12% drop from Oct. 1 to Oct. 3, failing to break the $2,650 resistance level. This decline erased gains from the prior two weeks, leaving traders questioning if ETH can bounce back to $2,800.

Despite a 5% drop in ETH since Sept. 1, the overall crypto market cap grew by 1.4%. The much-anticipated Ether ETF launched in July underperformed, with net outflows of $552 million.

Factors like sell pressure from Vitalik Buterin, reduced DApp demand, and strategic changes have kept ETH below $2,800. However, Ethereum's network activity remains strong, with significant increases in trading volumes and active addresses.

For ETH to reclaim $2,800, balancing scalability and investor incentives is key.