Ethereum’s Bullish Trajectory: Key Levels and Upcoming Catalysts
As of November 11, 2025, Ethereum (ETH) is demonstrating resilience in its price action, bouncing back above $3,350 after a recent 12% weekly decline. Analysts have identified the $3,200-$3,350 range as a critical liquidity zone, providing strong support for the asset. Currently trading at $3,419.46, Ethereum boasts a market capitalization of $412.72 billion, underscoring its dominant position in the crypto market despite recent network challenges. Technical analysis reveals that ETH faces immediate resistance near $3,720, with potential upside targets at $4,400 and $4,955 if bullish momentum continues. Market participants are closely watching the upcoming Fusaka Upgrade, scheduled for December 2025, which could serve as a significant catalyst for Ethereum's price movement. This upgrade is expected to address key network metrics and enhance scalability, potentially driving renewed investor interest. The combination of strong technical support and fundamental developments positions Ethereum for a potential rally toward its higher targets in the coming months.
Ethereum Eyes $4,400 Target as Market Support Holds Firm
Ethereum has clawed back above $3,350 after a 12% weekly decline, with analysts identifying $3,200-$3,350 as a critical liquidity zone. The asset currently trades at $3,419.46, boasting a $412.72 billion market cap despite recent network headwinds.
Technical charts suggest resistance NEAR $3,720, with potential upside targets at $4,400 and $4,955. The looming Fusaka Upgrade in December could catalyze momentum, though network metrics show strain—TVL plunged 24% to $74.2 billion monthly, while DApp activity dwindled to $80.7 million in October.
Ethereum Burns $32 Million in ETH as Network Hits Record 24,192 TPS
Ethereum has shattered its previous performance benchmarks, processing a staggering 24,192 transactions per second—a historic high for the network. The surge, captured by analytics platform Growthepie, coincides with the implementation of Lighter, a scalability solution driving unprecedented throughput.
Simultaneously, the network incinerated $32 million worth of ETH through its fee-burning mechanism, further tightening supply dynamics. This dual achievement underscores Ethereum's accelerating evolution post-Merge, as layer-2 integrations and protocol upgrades begin delivering tangible scalability improvements.
ARK Invest Shifts Portfolio: Reduces Tesla, Increases Crypto Exposure
Cathie Wood's ARK Invest made significant portfolio adjustments on November 7, 2025, selling $31.94 million worth of Tesla shares while increasing exposure to cryptocurrency-related assets. The firm sold 71,638 Tesla shares across its ETFs, continuing a trend of reducing its longstanding position in the electric vehicle maker.
ARK allocated $2 million to BitMine Immersion Technologies, purchasing 48,454 shares after the company pivoted to an ethereum treasury strategy. BitMine's stock surged 7.65% following the investment, despite carrying $2.1 billion in unrealized losses on its ETH holdings. The company's shares have gained 415% year-to-date.
The investment firm also demonstrated confidence in digital advertising with a $14.51 million purchase of Trade Desk shares and positioned itself ahead of earnings season with a $12 million investment in Bullish crypto exchange. These moves highlight ARK's continued conviction in disruptive technologies and digital assets.
Republic Technologies Secures $100M for Ethereum Validator Expansion
Republic Technologies, a Vancouver-based firm, has raised $100 million through a zero-coupon convertible note to bolster its Ethereum validator operations. The funding will primarily be used to acquire Ethereum (ETH), with an initial $10 million investment already earmarked. This strategic move underscores Republic's commitment to the Ethereum ecosystem, leveraging institutional support without the burden of interest payments or collateral requirements.
The deal, backed by a prominent institutional investor, stands out in the crypto financing landscape for its favorable terms. Over 90% of the proceeds will be allocated to ETH acquisition, reinforcing Republic's focus on Ethereum-based infrastructure. The agreement also includes 50% warrant coverage priced at market value, avoiding the steep discounts common in traditional crypto financing.
Hong Kong Advances Crypto Hub Ambitions with Third Digital Bond Issuance
Hong Kong has launched its third blockchain-based bond issuance, marking another strategic step in its bid to establish itself as a global digital asset hub. The multi-currency offering includes Hong Kong dollars, euros, and offshore yuan, all processed on distributed ledger technology platforms.
The AA+ rated bonds leverage Ethereum and institutional blockchain solutions from HSBC and Goldman Sachs, demonstrating growing institutional adoption of blockchain for capital markets. Tokenization enables real-time tracking of bond ownership and lifecycle events while reducing settlement times from days to minutes.
This development follows Hong Kong's progressive regulatory framework for digital assets, with the HKMA positioning the city as a testing ground for blockchain-based financial infrastructure. The initiative addresses three critical market needs: audit transparency through Immutable records, operational efficiency via smart contracts, and enhanced liquidity through programmable assets.
