Ethereum Faces Critical Support Test Amid ETF Outflows and Fusaka Upgrade Anticipation
Ethereum's price recently dipped below $3,550, testing key support levels around $3,450. A breach of this level could lead to further declines toward $3,300, signaling potential short-term bearish pressure. Trading volume has decreased by 18.54% to $32.74 billion, reflecting cautious market sentiment. However, the asset still shows resilience with a 6.29% weekly gain, suggesting underlying bullish momentum. The upcoming Fusaka Upgrade, scheduled for December 3, is a major focal point for traders, as network upgrades often introduce volatility. Meanwhile, ethereum ETFs continue to influence market dynamics, though recent outflows have added to the current price pressure. Investors are closely watching these developments to gauge Ethereum's next major move.
Ethereum Tests Key Support Levels Amid ETF Outflows and Network Upgrade
Ethereum's price dipped below $3,550, now hovering NEAR critical support at $3,450. A breach could see it slide toward $3,300. Trading volume fell 18.54% to $32.74 billion, though weekly gains of 6.29% hint at residual bullish momentum.
The Fusaka Upgrade, slated for December 3, looms as a potential catalyst. Network modifications often trigger volatility—traders are positioning accordingly. Meanwhile, Ethereum ETFs bled $107 million in outflows, with all nine funds recording zero inflows. Total net assets stand at $22.48 billion, reflecting waning institutional appetite.
Technical indicators paint a conflicted picture. RSI sits neutrally at 45.14, while MACD signals bearish pressure. Resistance at $3,590 remains the line in the sand—a decisive break could propel ETH toward $3,640.
SharpLink Posts $104M Profit as ETH Treasury Strategy Pays Off
SharpLink Gaming (NASDAQ: SBET) reported a $104.3 million profit in Q3 2025, driven largely by its Ethereum treasury strategy. The firm now holds 861,000 ETH, doubling its ETH-per-share concentration since inception. Co-CEO Joseph Chalom emphasized disciplined risk management and yield-generating staking as key to their success.
The company plans to deploy $200 million into DeFi on Linea, further cementing its position as a pioneer among public companies leveraging Ethereum for financial growth. SharpLink's performance underscores the viability of crypto-driven treasury strategies in traditional corporate finance.
Canary Capital Files to Launch First U.S. Spot ETF for MOG Coin
Canary Capital Group LLC has submitted a groundbreaking filing with the SEC for a spot ETF tied to MOG Coin, marking the first-ever attempt to bring a memecoin into the regulated ETF space. The proposed Canary MOG ETF WOULD hold the actual cryptocurrency, offering investors direct exposure to the asset's price movements.
The filing, dated November 12, 2025, represents a significant expansion of crypto investment products beyond the usual large-cap tokens. The trust plans to value its holdings daily using executed trades across major platforms, with custody handled by a chartered trust company.
Approval could dramatically increase MOG's market visibility and liquidity, potentially opening the floodgates for other community-driven tokens to enter the mainstream financial system. The MOVE signals growing institutional willingness to engage with assets that originated as internet memes.
Vitalik Buterin Unveils Ethereum’s New Trustlessness Manifesto
Ethereum co-founder Vitalik Buterin, alongside researchers Yoav Weiss and Marissa Posner, has released the "Trustlessness Manifesto," a foundational document stored immutably on Ethereum's blockchain. The manifesto underscores Ethereum's Core mission: enabling peer-to-peer cooperation without intermediaries while preserving user sovereignty and transparency.
The smart contract hosting the manifesto features a single function, pledge(), which timestamps user commitments on-chain. This design ensures permanent, verifiable participation in Ethereum's trustless ethos. Buterin warns against the creeping centralization that often accompanies convenience-focused development, urging builders to prioritize decentralization as a non-negotiable principle.
Ethereum Price Projected to Surpass $10K by 2030 Amid Surging Presales and Binance Listings
Ethereum (ETH) remains the cornerstone of decentralized finance, driving innovation across thousands of applications and Layer-2 solutions, particularly Coinbase’s Base network. As institutional adoption accelerates and markets rebound, ETH's price trajectory serves as a barometer for the broader crypto ecosystem. Analysts predict a rally to $4,000–$4,500 by November 2025, fueled by Layer-2 expansion and Ethereum’s deflationary post-upgrade model. Long-term bullish scenarios envision ETH breaching $10,000, with potential to reach $15,000+ should Web3 adoption and institutional inflows materialize.
Investors are diversifying into high-potential Binance listings and presales like Based Eggman (GGs), Bullzilla, and BlockchainFX—early bets on projects poised to shape the next market cycle. Key catalysts include regulatory clarity, traditional finance integration, and Ethereum’s enduring dominance as the backbone of blockchain infrastructure.
