Ethereum (ETH) has steadfastly held above $3,100 as of December 12, 2025, trading at $3,346.65—a 0.014% daily uptick—defying a 2.25% weekly slide and ETF outflows, buoyed by the impending Fusaka upgrade’s scalability promises and $2.82 trillion stablecoin volumes on its network. This perch—up 20.60% monthly from $3,346.18 on December 11—reflects institutional holdings exceeding $13 billion and tokenized finance dominance, with analysts eyeing $3,850–$3,900 by late December on EMA breakouts.
Spot ETH ETFs faced $75.21 million outflows on December 5—the fourth consecutive red day—led by BlackRock’s ETHA, dragging weekly flows negative despite $18.94 billion AUM. Cumulative inflows at $12.88 billion contrast Bitcoin’s $191 billion YTD, with ETH’s 12.57% dominance underscoring underperformance amid macro jitters. The Fusaka upgrade—slated December—enhances efficiency, with L2s like Base at $10 billion TVL fueling optimism; yet, $3,000 support tests loom if $3,100 falters. ETH’s above-3100 hold—resilient ridge—heralds upgrades’ uplift, where outflows obscure on-chain’s oasis in the $3.18T crypto coliseum.
