TLDR
- Ethereum trades near $3,800 as the market awaits December. 3 Fusaka upgrade.
- Fusaka adds EIP-7594 PeerDAS to enhance data access and performance.
- Analysts see $4,200 breakout paving the way for Ethereum’s $6,000 target.
- RSI at 42 shows ETH in the neutral zone while bullish sentiment returns.
Ethereum is preparing for one of its most anticipated upgrades, the Fusaka update, which is expected to enhance scalability and efficiency across the network. As the upgrade nears, optimism grows among traders that ETH could break key resistance levels and target the $6,000 mark. The digital asset currently trades near $3,800 after struggling to hold above the $3,900 zone amid volatile market conditions.
Ethereum Readies for Fusaka Upgrade on December 3
Ethereum developers have confirmed that the Fusaka upgrade will go live on December 3, following a successful rollout on the Hoodi testnet. The upgrade, discussed during the latest All Core Developers call, introduces major enhancements aimed at boosting the blockchain’s scalability and data accessibility.
Source: X
The update features EIP-7594, known as PeerDAS, which allows validators to read different portions of data stored in blobs. This function improves access to Layer 2 data, enabling lighter transactions and higher performance across the network. Developers also confirmed that the block gas limit will increase from 30 million to 150 million, paving the way for more efficient processing of transactions.
Technical Enhancements to Improve Scalability
The Fusaka upgrade marks a key step in Ethereum’s Surge roadmap, designed to prepare the network for full danksharding in the future. Developers view this phase as crucial for achieving higher throughput and reducing transaction congestion. The improvements are also expected to support new on-chain innovations and the growth of decentralized applications.
Following the testnet success, Ethereum’s mainnet deployment is now in the final stages of readiness. The launch is expected to enhance network efficiency and help absorb growing activity from institutional use cases, particularly with increased ETF inflows and stablecoin transactions.
Analysts See Renewed Bullish Momentum
Analysts are watching Ethereum’s price movements closely as bearish pressure starts to ease. Several technical experts point to recurring patterns on the ETH daily chart, similar to those seen before previous rallies. One analyst noted that “Ethereum’s setup appears aligned with prior bullish formations that led to strong price recovery phases.”
Ethereum has faced selling pressure in recent weeks, but a confirmed breakout above $4,000 could change the outlook. Analysts believe that a push beyond the $4,200 level may trigger buying momentum, with $4,300 and $6,000 as the next targets. This view is supported by growing optimism in the market as the upgrade date approaches.
ETH Market Conditions and Technical Indicators
As of October 31, 2025, Ethereum trades near $3,838, extending its decline after failing to sustain above $4,000 resistance. The Relative Strength Index (RSI) stands at 42, indicating neutral to bearish conditions. The MACD indicator also remains in a bearish pattern, with the MACD line below the signal line.
If Ethereum continues to face selling pressure, immediate support lies near $3,700, with the next level at $3,500. However, a decisive move above $4,000 could restore bullish sentiment and encourage buyers to reenter the market.
Source: X
Despite current volatility, the Fusaka upgrade has created optimism for a medium-term recovery. Traders anticipate that improved scalability and lower transaction costs could strengthen Ethereum’s position and fuel renewed demand. With attention turning to the December 3 rollout, Ethereum’s next breakout could determine its path toward the long-awaited $6,000 target.
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