Ether (ETH) fell 12% from October 1 to October 3, failing to break the $2,650 resistance. This erased all recent gains, raising questions about the possibility of a recovery to $2,800. 📉

Investors are disappointed by the launch of an ETF in the US, which lost $552 million. Selling pressure from Vitalik Buterin and the Ethereum Foundation also played a role.

Despite the increase in network activity, the ETH price remains under pressure.