Ethereum (ETH) Surges Past Resistance as Government Shutdown Fears Fade – Bullish Momentum Builds
Ethereum defies gravity with a weekend rally as political uncertainty lifts—proof that crypto thrives on chaos while traditional markets sweat.
Price Action: ETH breaks key levels as macro fears ease
The second-largest cryptocurrency capitalized on improved risk sentiment, climbing steadily as Washington temporarily avoided fiscal drama. Traders shrugged off last week's volatility, betting that institutional adoption will keep outpacing bureaucratic gridlock.
Market Psychology: When bad news is good news
Another classic crypto paradox: Assets designed as inflation hedges now rally when governments don't implode. ETH's 15% weekend gain exposes how mainstream the 'digital gold' narrative has become—even if gold itself hasn't gotten the memo.
Outlook: DeFi summer vibes in November?
With staking yields holding strong and layer-2 activity spiking, Ethereum's fundamentals look healthier than the SEC's regulatory framework. One hedge fund manager quipped: 'At least ETH doesn't need congressional approval to upgrade its network.'
TLDR
- Ethereum rose 4% over the weekend to trade at $3,627.73, marking a 7.49% gain in 24 hours
- Government shutdown concerns easing and improving macro conditions helped boost risk assets including Ethereum
- Institutional capital flows are stabilizing after more than $1 billion left crypto ETFs last week
- The upcoming Fusaka upgrade scheduled for December 2 will expand data storage capacity and improve network security
- Technical indicators and forecasts suggest Ethereum could reach $4,000 by year end if current momentum holds
Ethereum surged 4% over the weekend. The world’s second-largest cryptocurrency is now trading at $3,627.73 as of Monday afternoon.
The token gained 7.49% in the past 24 hours. This marks a strong rebound after recent market weakness across crypto and other risk assets.
Ethereum’s market capitalization now stands above $430 billion. The price movement has traders reconsidering bearish positions they took during the recent selloff.
Political and Economic Factors Support Rally
The improving macro environment played a role in Ethereum’s weekend gains. News that Congress is voting on a bill to reopen the government helped calm investor fears.
Concerns about an extended shutdown had weighed on risk assets in recent days. The prospect of a quick resolution sent capital back into cryptocurrencies and other volatile investments.
Ethereum tends to react strongly to broader economic shifts. The token often moves in tandem with other risk assets during periods of uncertainty or recovery.
Capital flows into ethereum showed signs of stabilizing. Last week saw more than $1 billion exit spot Bitcoin and Ethereum ETFs during the market rout.
From November 3 to November 7 (ET), spot Bitcoin ETFs saw a weekly net outflow of $1.22 billion, the third-largest on record. Spot Ethereum ETFs recorded a weekly net outflow of $508 million, also the third-largest in history. Spot Solana ETFs posted a weekly net inflow of $137… pic.twitter.com/6QHfqFTsRb
— Wu Blockchain (@WuBlockchain) November 10, 2025
Recent data indicates institutional interest may be returning. Ethereum’s total value locked, which measures capital inflows, held steady over the past 24 hours.
This metric serves as an early indicator of potential ETF inflows. Traders watch liquidation data and FLOW patterns to identify momentum shifts that could drive further price gains.
December Network Upgrade Draws Investor Attention
The Fusaka upgrade scheduled for December 2 represents a major catalyst for Ethereum. This network improvement has been anticipated by developers and investors for months.
BULLISH:
VITALIK CONFIRMS THE DECEMBER 3 FUSAKA UPGRADE WILL SUPERCHARGE ETHEREUM SCALING.
MORE TPS.
LOWER FEES.
HIGHER THROUGHPUT.
MORE USERS.$ETH IS ENTERING ITS PERFORMANCE ERA.
THE NETWORK EFFECT IS ABOUT TO ACCELERATE. pic.twitter.com/nHzapcpm85
— Merlijn The Trader (@MerlijnTrader) November 9, 2025
The upgrade will increase capacity for data storage on the Ethereum blockchain. It will also enhance security features for staking operations on the network.
Fusaka includes changes designed to retain developers who might otherwise MOVE to competing blockchains. These improvements address key pain points that have caused some projects to explore alternative platforms.
Technical indicators support the current bullish trend. The daily chart shows Ethereum holding above its 200-day moving average.
The MACD momentum indicator is turning positive. Both signals point to continued upward pressure on price.
$ETH dump towards the $3,000 level looks like a fakeout.
Something similar happened during Q2 2025, and ETH rallied 100% after that.
Is the next leg up coming for Ethereum? pic.twitter.com/eAZTuwetuG
— Cas Abbé (@cas_abbe) November 10, 2025
Analysts from Coincodex project November prices averaging around $4,004. December estimates range as high as $5,029 in some forecasts.
ETF data from CoinGlass shows renewed accumulation by institutional players. Positive net inflows through November suggest consistent buying interest from large investors.
Ethereum broke through the $3,500 level after weeks of consolidation. The price action has sparked renewed interest from both retail and institutional market participants.
