Ethereum's price remains confined within a narrow range around $3,100 as of December 15, with market participants divided over the likelihood of a rally or a potential breakdown. The cryptocurrency faces significant support at $3,020–$3,000, with a breach possibly leading to a decline towards $2,900. Resistance levels between $3,150 and $3,400 continue to impede upward momentum. On-chain data indicates substantial liquidation pressure above current prices, while Ethereum ETFs have attracted $209 million in inflows. Additionally, BitMine Immersion Technologies has increased its Ethereum holdings, reflecting ongoing institutional interest despite market volatility.