Ethereum Price Forecast: $5K in Sight Post-Fusaka Upgrade

Ethereum price remains under pressure, hovering near $3,800 after breaking below the $3,900 support level. The crypto has experienced fresh bearish pressure, fuelled by increasing outflows of spot ETH ETFs and risky market sentiment. The upcoming Fusaka upgrade scheduled by Ethereum on December 3 will see the network perform better and scale, causing optimism of a price recovery.

The overall crypto market dropped by 1.0% over the past 24 hours, a continuation of a 6.3% drop over the past month. Analysts attribute the weakness to mixed macroeconomic data and major withdrawals by ETFs.

Meanwhile, the price of Bitcoin has experienced $519 million in ETF outflows but recovered slightly, hovering around $109,000. Traders remain hopeful that Ethereum could regain strength and target the $5,000 level after the upgrade.

Fusaka Will Go Live Dec. 3 – ETH Upgrade Launches on Hoodi Testnet

The Ethereum systems expected Fusaka upgrade is currently available on Hoodi testnet. This testnet launch is a success, which preconditions the verified Dec. 3 mainnet rollout, which was announced on Thursday at the All Core Devs call.

Fusaka has added important upgrades, such as EIP-7594, which is referred to as PeerDAS, which enables the validators to read different portions of data in a blob. This facilitates access to Layer 2 data that is lighter and improves performance.

The update also increases block gas limit to 150 million instead of 30 million in order to enhance scalability. Fusaka is considered by developers as a significant milestone in the Surge roadmap, improving the level of transaction throughput and enabling new innovations such as full danksharding in the future. The time is associated with an increase in on-chain activity and ETF inflows.

Ethereum Poised for a Major Rally

Crypto analyst has shared a bullish outlook for Ethereum which gives a suggestion of upward movement in the coming days. The expert pointed out a pattern on the ETH daily chart which indicates the cryptocurrency could be ready for a strong price rally.

According to the analysis, the technical formations seen in Ethereum prior to previous surges are similar, and the chart indicator is suggesting renewed buying pressure. The post highlights that the Ethereum price forecast could be “gearing up for a pump,” as the digital asset gains momentum of the market sentiment.

Will Ether Price Recover Above $4,000?

As of 31st October 2025, Ether price hovered around $3,838, extending its recent downtrend after facing rejection near the $4,000 resistance zone. A decisive breakout above $4,200 could signal renewed bullish momentum, potentially paving the way for a retest of the $4,300 zone.

The Relative Strength Index (RSI) hovers around 42, which means that ether is still in the neutral-to-bearish zone. The MACD indicator still shows a bearish formation with the MACD line below the signal line. 

The coin was unable to sustain its momentum past the level of $4,000, and this opened up fresh selling pressure. The subsequent support is near to the level of $3, 700 whereas a further correction would be near to test the $3,500 level in case of further weakness. Positively, once it breaks decisively above $4,000, then it is likely to become bullish, with the next bullish target being $4,300 and possibly $5,000.