Ethereum Faces $77.6M Binance Futures Sell Wall Near $2,982 as Price Tests $3,000 Level

On Dec. 31, 2025, Ethereum traded around $2,996 after failing several times in December to firmly break above the key $3,000 mark. An on-chain analyst highlighted roughly $77.6 million in ETH futures sell orders on Binance clustered just above $2,982, creating a significant obstacle for bulls amid declining trading volumes. Market data shows Ethereum’s recent activity has been less than half of last year’s weekly volumes, while outlooks point to a potential all-time high in 2026 and two major upgrades, Glamsterdam and Hegota, tentatively lined up for that year.