ETH Price Prediction: Will the Fusaka Upgrade Fuel the Next Rally?

#ETH

• Technical Outlook: ETH shows bullish momentum signals (MACD) but needs to break $3,625 MA for confirmation.
• Fundamental Drivers: Fusaka upgrade and enterprise adoption (JPMorgan, Consensys) strengthen ETH's utility.
• Risk Factors: Unrealized losses ($1.8B) may cause short-term volatility.

ETH Price Prediction

ETH Technical Analysis: Key Indicators to Watch

According to BTCC financial analyst Ava, ethereum (ETH) is currently trading at $3,235.35, below its 20-day moving average (MA) of $3,625.65, suggesting potential short-term bearish pressure. The MACD indicator shows a bullish crossover with the histogram at 66.25, indicating upward momentum. Bollinger Bands reveal ETH is near the lower band ($3,044.08), which could act as support. A breakout above the middle band ($3,625.65) may signal a trend reversal.

Ethereum Market Sentiment: Bullish Catalysts Ahead

BTCC financial analyst Ava highlights several bullish developments for ETH: the Fusaka upgrade, Vitalik Buterin's endorsement of Ethereum DeFi, and JPMorgan's adoption of Base Network for settlements. These factors, combined with institutional accumulation (e.g., Bitmine) and Consensys' $200M ETH deployment, suggest strong long-term confidence despite current unrealized losses.

Factors Influencing ETH’s Price

Ethereum's Fusaka Upgrade Poised to Catalyze Next ETH Rally

Ethereum's prolonged consolidation below $3,500 may soon give way to significant upside momentum as the network prepares for its December Fusaka upgrade. The update promises enhanced scalability, improved staking efficiency, and reduced transaction costs—key developments that market analyst Ash crypto believes could trigger ETH's next major breakout.

"No one is talking about this, but the ETH Fusaka upgrade on December 3 could be the next leg up catalyst," Ash Crypto noted. The upgrade represents a critical step in Ethereum's roadmap toward greater decentralization and performance optimization, potentially reigniting institutional interest at a time when the broader crypto market seeks clear fundamentals.

Vitalik Buterin Says Ethereum DeFi Now Rivals Banks — On-Chain Savings Finally Safe

Ethereum co-founder Vitalik Buterin has declared decentralized finance (DeFi) a viable alternative to traditional banking, citing significant improvements in security and usability. Speaking at a Dromos Labs event, Buterin emphasized the maturity of Ethereum's DeFi ecosystem, which he believes is now capable of serving as a primary bank account for individuals and institutions alike.

The shift from speculative ventures to stable financial tools marks a pivotal moment for DeFi. Buterin contrasted the current landscape with the high-risk environment of 2020, calling the progress "night and day." Despite recent exploits like the Balancer hack, smart contract security has seen substantial advancements.

Blockchain analytics firm Elliptic noted that while 2025's crypto losses surpass previous years, the majority stem from isolated incidents such as the historic Bybit hack. Ethereum's evolution underscores its growing role in global finance.

Balancer Prevents $4.1M Loss After Identifying New Attack Vector

Balancer, the decentralized trading platform, averted a potential $4.1 million loss by discovering and mitigating a new attack vector in its V2 meta-stable pools. The team, in collaboration with Certora and SEAL_Org, executed a whitehat recovery to secure vulnerable funds. Affected pools on Ethereum, Optimism, and Arbitrum have been deprecated, with users urged to migrate to V3 alternatives.

This incident follows a previous $116 million exploit linked to flawed smart contract functions. While Balancer has contained the latest threat, the exploiter behind the earlier attack continues to MOVE funds, with wallets holding over $21 million in ETH and other assets.

The platform's proactive response highlights the ongoing security challenges in DeFi. Balancer's V3 architecture remains unaffected, reinforcing the importance of protocol upgrades in mitigating vulnerabilities.

JPMorgan Adopts Base Network for Real-World Dollar Settlements, Best Wallet Token Presale Hits $17M

JPMorgan has become the first major bank to process real transactions on a public blockchain, leveraging Coinbase's Base network for its JPM Coin deposit token. The move enables institutional clients to transfer dollars near-instantly, 24/7, bypassing traditional banking hours. This shift from private ledgers to public ethereum infrastructure signals growing institutional confidence in on-chain settlements.

The integration brings liquidity, compliance frameworks, and enterprise workflows into the crypto ecosystem. Early pilots with Mastercard, Coinbase, and B2C2 have concluded successfully, with multi-chain expansion plans underway. This development underscores the increasing convergence of traditional finance and decentralized infrastructure.

Best Wallet, positioned to capitalize on this trend, has raised $17 million in its token presale at $0.025935 per token. The wallet emphasizes utility features like reduced fees, presale access, DEX aggregation, and multi-chain support, aligning with the emerging on-chain payments landscape. Staking rewards of up to 77% aim to incentivize long-term user engagement.

Bitmine Continues Ethereum Accumulation Amid $1.8B Unrealized Losses

Ehereum trades at a pivotal $3,450 level, showing tentative signs of stabilization after weeks of volatility. Bulls face an uphill battle, with resistance looming at $3,600–$3,700—a breach of this zone could signal a broader trend reversal.

Institutional sentiment remains divided. CryptoQuant data reveals Bitmine, a major ETH holder, persists in accumulating despite carrying $1.8 billion in unrealized losses. This suggests institutional conviction in Ethereum's long-term prospects outweighs short-term pain.

Market direction hinges on renewed macroeconomic data flows as US government operations resume. For ETH, holding above $3,400 support while challenging higher levels remains critical. Whale accumulation and favorable macro conditions could catalyze the next decisive move.

SharpLink Posts 1,100% Q3 Revenue Surge, Deploys $200M ETH on Consensys' Linea

SharpLink's Q3 earnings report revealed a staggering 1,100% year-over-year revenue increase to $10.8 million, aligning with its projected 313% full-year growth target. The company swung to a $104.3 million net profit from an $885,000 loss in the prior-year period, with EPS reaching $0.62 against analyst expectations of $0.87 by year-end.

The crypto-heavy balance sheet shows 817,747 ETH ($3.0 billion), $11.1 million cash, and $26.7 million USDC holdings—yielding a robust current ratio of 6.83. A $1.5 billion stock buyback program saw 1.9 million shares repurchased for $31.6 million as of September 30.

Despite trading at $11.57—well below its $124.12 yearly high but above $2.26 lows—the company acknowledged elevated volatility from crypto exposure. October's $76.5 million direct offering priced at a 12% premium to October 2025 closing levels.

Co-CEO Joseph Chalom confirmed deployment of $200 million ETH treasury assets through ether.fi and EigenCloud on Consensys' Linea platform, marking the first full quarter of executing its ETH strategy.

Is ETH a good investment?

Yes, ETH presents a compelling investment case according to BTCC's Ava. Key data points include:

Fundamental catalysts like the Fusaka upgrade and institutional adoption could drive prices toward the upper Bollinger Band ($4,207.22).