Ethereum price has recently remained above $3,000, and many are wondering if the upcoming Fusaka upgrade will push it to new highs. The Fusaka upgrade, scheduled for December 3, 2025, aims to enhance Ethereum’s scalability and efficiency. The upgrade will be activated on the Ethereum mainnet at 21:49:11 UTC, at block 13,164,544.
Some of the major Ethereum Improvement Proposals (EIPs) that Fusaka will implement are those that will help increase data capacity and improve network performance. PeerDAS (EIP-7594) is one of the most significant features that enhances the availability of data.
PeerDAS will not force all nodes to retrieve layer-2 layer data in a single file; it will be broken into small chunks. These works will subsequently be spread in the network, enhancing efficiency.
The upcoming Fusaka upgrade will enhance Ethereum’s scalability, enabling it to meet growing global demand. This improvement ensures that Ethereum can handle more transactions without sacrificing decentralization. These upgrades make Ethereum poised to experience massive growth, and this can push its price in the next few weeks.
Ethereum Price Could Reach $3,400, Analyst Predicts
Crypto analyst has been closely watching the Ethereum price consolidate above the $3,000 mark. There has been a weak market movement during the weekend with little volatility, but next week could be very exciting for traders.
Ether’s price movement is determined by various significant future events. The fact that Quantitative Tightening (QT) is ending at the first of December. Along with an important address by Federal Reserve Chairman Jerome Powell on the same date, brings an additional dose of uncertainty.
Moreover, the long-awaited Fusaka upgrade will also be held on December 3rd and may generate a revived interest in ETH.
Analyst points out that once Ethereum price prediction maintains a level above the level of $3,000, it might experience an upward surge to the range of $3,200-$3,400.
Conversely, if the ETH price fails to maintain its position above this key support level, it could slide back to the $2,800 zone.
This comes after a period of volatile price movements, where ETH fluctuated between $2,750 and $3,250 over the past few days.
Ethereum Price Analysis
As of the reporting, the Ether price surged to $3,011, reflecting a slight gain of 0.22%. The cryptocurrency has experienced notable price fluctuations recently, moving between $2,750 and $3,250. Moreover, the chart reveals mixed signals as ETH continues to navigate through periods of buying and selling activity.
Source: ETH/USD 4-hour chart: TradingviewThe Moving Average Convergence Divergence (MACD) indicator is at the moment on a negative trend. The MACD line has broken under the signal line, which is a normal indication of a bearish direction. Additionally, the Relative Strength Index (RSI) is 55, which means that Ethereum is not overbought or oversold.
Source: https://coingape.com/markets/will-fusaka-upgrade-push-ethereum-price-to-new-highs/
