Ethereum price has recently remained above $3,000, and many are wondering if the upcoming Fusaka upgrade will push it to new highs. The Fusaka upgrade, which will take place on December 3, 2025, is supposed to improve the Ethereum scalability and efficiency. The upgrade will become operational on the Ethereum mainnet at 21:49:11 UTC, at block 13,164,544.
Some of the major Ethereum Improvement Proposals (EIPs) that Fusaka will implement are those that will help increase data capacity and improve network performance. PeerDAS (EIP-7594) is one of the most significant features that enhances the availability of data.
PeerDAS will not force all nodes to retrieve layer-2 layer data in a single file; it will be broken into small chunks. These works will subsequently be spread in the network, enhancing efficiency.
1/ Fusaka is coming December 3rd.
Ethereum’s next major upgrade shows that the network can grow to meet global demand, without compromising on decentralization or permissionlessness.
Whether you’re a user, builder, institution, or operator, here’s how Fusaka will impact you. pic.twitter.com/FKsqdZiwMM
— Ethereum (@ethereum) November 28, 2025
The next Fusaka upgrade will make Ethereum more scalable, and it will be able to achieve the increasing global demand. This will guarantee that the Ethereum will be in a position to process a larger number of transactions without losing its decentralization. These upgrades make Ethereum poised to experience massive growth, and this can push its price in the next few weeks.
Ethereum Price Could Reach $3,400, Analyst Predicts
Crypto analyst has been closely watching the Ethereum price consolidate above the $3,000 mark. There has been a weak market movement during the weekend with little volatility, but next week could be very exciting for traders.
Ether’s price movement is determined by various significant future events. The fact that Quantitative Tightening (QT) is ending at the first of December. Along with an important address by Federal Reserve Chairman Jerome Powell on the same date, brings an additional dose of uncertainty.
$ETH is still consolidating around the $3,000 level.
Not much price action due to weekends, but next week could be interesting.
QT is ending on December 1st, Powell’s speech is on December 1st, and the Fusaka upgrade is coming on December 3rd.
If Ethereum holds above the… pic.twitter.com/pxgmrOHyah
— Ted (@TedPillows) November 30, 2025
Moreover, the long-awaited Fusaka upgrade will also be held on December 3rd and may generate a revived interest in ETH.
Analyst points out that once Ethereum price prediction maintains a level above the level of $3,000, it might experience an upward surge to the range of $3,200-$3,400.
Conversely, if the ETH price fails to maintain its position above this key support level, it could slide back to the $2,800 zone.
This comes after a period of volatile price movements, where ETH fluctuated between $2,750 and $3,250 over the past few days.
Ethereum Price Analysis
As of the reporting, the Ether price surged to $3,011, reflecting a slight gain of 0.22%. The cryptocurrency has experienced notable price fluctuations recently, moving between $2,750 and $3,250. Further, the chart presents both positive and negative indicators with ETH still going through both buying and selling points.
Source: ETH/USD 4-hour chart: Tradingview
The Moving Average Convergence Divergence (MACD) indicator is currently on a downward slope. The signal line has crossed the MACD line, and this should be the case as a bearish trend. The Relative Strength Index (RSI) is also at 55 and it indicates that Ethereum is neither overbought nor oversold.
