Why did the price of ETH go up?

Ethereum (ETH) increased by 7.6% in the past 24 hours, outperforming Bitcoin (+3.82%) and the overall cryptocurrency market (+4.51%). This rise was driven by progress toward ending the U.S. government shutdown, a major investor’s confident long position, and positive technical signals.

1. Hope for U.S. Shutdown Resolution – Optimism about a Senate deal eased broader economic concerns, boosting riskier assets like ETH.
2. Whale Activity – A well-known large trader switched to a $120 million ETH long position, showing strong confidence.
3. Technical Breakout – ETH surpassed important resistance levels, sparking short-term buying momentum.

Deep Dive

1. Macro Relief: Progress on U.S. Government Shutdown (Positive for ETH)

Overview:
On November 10, 2025, the U.S. Senate reached a bipartisan agreement to end a 40-day government shutdown, which had drained about $700 billion from financial markets. This shutdown caused $20 billion in cryptocurrency liquidations and increased market volatility, with 291,000 ETH withdrawn from exchanges during this period.

What this means:

• Lower systemic risk and better liquidity conditions benefited Ethereum, which is sensitive to big economic changes.
• Investors are expecting institutional money to return, as seen in $12.5 million flowing into spot ETH ETFs on November 6.

What to watch:
The timing of the final Senate vote (which requires 60 votes) and how markets might react if there are delays.

2. Whale Accumulation & Shift in Market Sentiment (Positive for ETH)

Overview:
A prominent large trader, known as an “anti-CZ whale,” switched from betting against ETH to a long position, accumulating 32,802 ETH (worth $120 million) and currently holding $15 million in unrealized profits. This trader had previously made successful bets against other tokens like ASTER.

What this means:

• Large traders often act opposite to the crowd, so this move suggests growing confidence in ETH.
• The withdrawal of 291,000 ETH from exchanges during the shutdown reduced available supply, which can increase price volatility.

What to watch:
Keep an eye on further large trades through tools like Lookonchain or Etherscan to track whale activity.

3. Technical Breakout Above Key Price Levels (Mixed Signals)

Overview:
Ethereum’s price jumped above the 200-day Exponential Moving Average (EMA) at $3,415 and the 38.2% Fibonacci retracement level at $3,823. The Relative Strength Index (RSI) at 43.69 indicates there’s still room for upward movement.

What this means:

• Short-term traders are targeting the $3,800 to $4,000 range (around the 50% Fibonacci level), which is driving momentum.
• However, the Moving Average Convergence Divergence (MACD) indicator remains bearish on weekly charts, suggesting caution for longer-term investors.

Key level to watch:
A close above $3,677 (the 50% Fibonacci level) could open the way toward $4,292, a recent swing high.

Conclusion

Ethereum’s recent price increase is a result of easing macroeconomic concerns, strong buying from large investors, and positive technical signals. While the short-term outlook is optimistic, it’s important to monitor the Senate’s final vote and whether ETH can maintain levels above $3,600. Key question: Will Ethereum hold its gains if the government shutdown resolution faces last-minute challenges?

What could affect the price of ETH?

Ethereum’s price outlook depends on upcoming technical upgrades, interest from big investors, and overall market conditions.

1. Fusaka Upgrade Coming Soon (Positive) – This update will improve how Ethereum handles transactions, making it faster and cheaper.
2. Big Investors vs. Everyday Traders (Mixed) – Large investors are buying more ETH, but regular traders remain cautious.
3. Regulatory and Economic Challenges (Negative) – New rules and economic changes could create uncertainty and price swings.

In-Depth Look

1. Technical Upgrades & Better Scalability (Positive Impact)

Ethereum is planning a major update called the Fusaka upgrade, expected on December 3, 2025. This upgrade will increase Ethereum’s data capacity by 8 times using a new technology called “blobs,” which could reduce transaction fees on Layer 2 solutions by about 95% (Levex). Along with another feature called PeerDAS, this will lower the hardware requirements for running Ethereum nodes, encouraging more people to participate in securing the network. A previous upgrade, Pectra (May 2025), already improved security and increased staking limits.

What this means: Lower fees and faster processing could lead to more use of Ethereum for decentralized finance (DeFi) and real-world assets (RWAs). This increased activity would raise demand for ETH, which is used to pay transaction fees (“gas”) and as collateral. Past upgrades like The Merge (2022) and Dencun (2024) led to price increases of over 30% after they went live.

2. Big Investors vs. Everyday Traders (Mixed Impact)

In July 2025, Ethereum exchange-traded funds (ETFs) attracted $1.8 billion in investments over just six days, and large holders (“whales”) have been buying over 800,000 ETH daily (CryptoFront). However, regular retail traders are more cautious. The Relative Strength Index (RSI) for ETH is at 43.69, indicating some bearish pressure, and the market’s Fear & Greed Index is at 29, showing a general feeling of fear among investors.

What this means: While big investors seem confident in Ethereum’s long-term potential, the cautious attitude of everyday traders could slow down any strong price rally. The price volatility over the past week (18%) reflects this ongoing battle between optimism and caution.

3. Regulatory and Economic Challenges (Negative Impact)

Starting December 2025, the Commodity Futures Trading Commission (CFTC) will allow leveraged crypto trading, which could increase price swings. Additionally, new U.S. economic policies, like a $2,000 tariff dividend proposed by former President Trump, might lead to inflation concerns and force the Federal Reserve to raise interest rates. Ethereum’s price is closely linked to the Nasdaq stock index (correlation of 0.87), so stock market downturns could also affect ETH. Moreover, Ethereum’s 30-day beta relative to Bitcoin is 1.2, meaning it could experience larger price drops if Bitcoin weakens.

What this means: Clearer regulations, such as the SEC’s recent stance that Ethereum is not a security, help reduce uncertainty. However, economic challenges like rising interest rates could reduce investment in cryptocurrencies, putting downward pressure on ETH’s price.

Conclusion

Ethereum’s goal of reaching $4,800 depends on the smooth rollout of the Fusaka upgrade, continued investment from institutional players, and stable economic conditions. While technical improvements and big investor interest are positive signs, cautious retail traders and potential Federal Reserve actions pose risks. Keep an eye on the $3,607 resistance level—breaking above it could signal strong upward momentum, while failure to do so might lead to a drop back toward $3,287.

Will Ethereum’s improvements in Layer 2 solutions help it maintain dominance over competitors like Solana in decentralized exchange (DEX) trading volumes?

What are people saying about ETH?

Ethereum’s buzz swings between excitement over upgrades and worries about price drops. Here’s the latest:

1. ETF inflows hit $1 billion per day – big investors are jumping in
2. Fusaka upgrade boosts hopes for faster transactions
3. Technical analysis warns of a possible drop below $3,800 support
4. Crowd sentiment turns fearful despite strong fundamentals

In-Depth Look

1. @johnmorganFL: ETH ETF Inflows Reach Record Levels 🚀

"Spot ETFs saw $1 billion daily inflow Monday – BlackRock alone added $255 million."
– @johnmorganFL (35K followers · 12M impressions · 2025-08-12 02:35 UTC)
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What this means: This is a positive sign for Ethereum as big investors buying through ETFs help absorb selling pressure. ETF assets under management (AUM) have jumped 57% to $18.4 billion in the past month.

2. @noisyyoungman: Warning Signs in Technical Analysis 📉

"RSI 39.5, MACD negative – critical support at $3,800. Break could trigger cascade to $3,660."
– @noisyyoungman (969 followers · 8.7K impressions · 2025-10-23 18:21 UTC)
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What this means: Short-term outlook looks weak. Indicators like RSI and MACD suggest Ethereum might fall below the key $3,800 support level, which could lead to a further drop to $3,660. Many traders holding long positions might rush to sell, increasing downward pressure.

3. @EthereumDaily_: Fusaka Upgrade Launches 🔄

"December 3 Fusaka hardfork aims to cut block times 40% – final testnets underway."
– @EthereumDaily_ (4.6K followers · 141K impressions · 2025-09-20 07:00 UTC)
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What this means: This upgrade is good news for Ethereum’s future. It will make the network faster and more efficient, helping decentralized finance (DeFi) and NFT projects run smoother. The development team has moved up the rollout from 2026 to the end of 2025.

4. @MarketProphit: Crowd Sentiment Turns Fearful 😨

"CROWD = Bearish 🟥 MP = Bullish 🟩 – classic contrarian buy signal."
– @MarketProphit (70K followers · 543K impressions · 2025-11-03 03:40 UTC)
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What this means: Retail investors are feeling scared (Fear & Greed Index at 29), while professional traders remain optimistic. This kind of split often signals a good buying opportunity, as panic selling by the crowd can create value.

Conclusion

Ethereum’s outlook is mixed. On one hand, strong institutional buying and the Fusaka upgrade point to long-term strength. On the other, technical indicators and nervous retail investors suggest caution. The $3,800 support level is critical—if it holds, Ethereum could bounce back; if it breaks, prices might fall further. Keep an eye on the ETH/BTC ratio, currently at 0.0207, for clues on whether altcoins like Ethereum will gain momentum as Bitcoin’s dominance eases.

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What is the latest news about ETH?

Ethereum is undergoing important technical upgrades and responding to market changes, balancing record-low transaction fees with positive growth factors. Here’s a quick summary of the latest updates:

1. Gas Fees Reach Record Low (November 9, 2025) – Ethereum’s base transaction fees dropped to 0.067 Gwei, sparking concerns about long-term network health.
2. Fusaka Upgrade Coming Soon (November 5-12, 2025) – Behind-the-scenes improvements aim to make Ethereum more scalable and efficient.
3. CFTC Proposes Leveraged ETH Trading (November 10, 2025) – New U.S. regulations could encourage more institutional investment in Ethereum.

In-Depth Look

1. Gas Fees Reach Record Low (November 9, 2025)

What happened:
On November 9, Ethereum’s average gas fees fell to just 0.067 Gwei (about 11 cents per transaction). This drop is due to less activity on the network and the lasting effects of the Dencun upgrade from March 2024. While cheaper fees are great for users, some experts worry that fees this low might reduce the rewards for validators who keep the network secure.

Why it matters:
In the short term, this is a mixed signal. Lower fees could attract more users, but if fees stay too low for too long, it might hurt the network’s financial incentives. Similar trends were seen after the FTX collapse, when less activity led to lower fees for an extended period (Kanalcoin).

2. Fusaka Upgrade Coming Soon (November 5-12, 2025)

What happened:
Ethereum’s Fusaka hard fork is set for mid-November. This upgrade includes 11 technical improvements, such as PeerDAS (which helps scale data availability) and changes to MODEXP gas fees (to reduce spam transactions). Unlike previous upgrades focused on user-facing features, Fusaka improves the network’s core performance.

Why it matters:
This upgrade is a positive step toward making Ethereum more scalable and efficient over time. It could lower costs on Layer 2 solutions and help stabilize gas fees. However, the increased network activity might put pressure on smaller validators (CoinMarketCap).

3. CFTC Proposes Leveraged ETH Trading (November 10, 2025)

What happened:
The U.S. Commodity Futures Trading Commission (CFTC) announced plans to allow leveraged spot trading of cryptocurrencies like Ethereum on regulated exchanges by the end of 2025. This move, led by Acting Chair Caroline Pham, aims to bring over $300 billion in institutional investments by 2026.

Why it matters:
This development could increase Ethereum’s trading volume and liquidity. Leveraged trading often leads to higher volatility in the short term but has historically been linked to price increases as more investors enter the market (Bitcoin Info News).

Conclusion

Ethereum is at an important point in its development. The Fusaka upgrade and new regulatory support offer promising growth opportunities, but the challenge of maintaining healthy transaction fees remains. The key question is whether these technical improvements will balance out fee pressures or if Layer 2 solutions will become the main driver of Ethereum’s future success.

What is expected in the development of ETH?

Ethereum’s development roadmap includes these key milestones:

1. Fusaka Upgrade (December 2025) – Increases data capacity to make Layer 2 transactions much cheaper.
2. Quantum Resistance (2026) – Updates encryption to protect against future quantum computer threats.
3. Lean Ethereum Plan (2026-2035) – Aims for 10,000 transactions per second (TPS) on the main chain and over 1 million TPS through Layer 2 solutions.
4. Verkle Trees & Stateless Clients (2026+) – Cuts down storage needs for network nodes by 99%, enabling easier participation.
5. Based Rollups & ZK Integration (2026) – Enables instant withdrawals and stronger censorship resistance on Layer 2.

Deep Dive

1. Fusaka Upgrade (December 2025)

What it is:
Fusaka introduces a technology called PeerDAS (Peer Data Availability Sampling). This lets network nodes verify transactions using cryptographic proofs instead of storing all the data themselves. It increases the amount of data (called blobs) per block from 6 to 48—an 8x increase—leading to about a 95% drop in Layer 2 transaction fees (Bankless).

Why it matters:

• Positive: Lower fees make Ethereum more attractive for decentralized finance (DeFi) and NFTs, encouraging more users and developers.
• Potential downside: Handling more data could strain some nodes, possibly favoring larger, centralized validators in the short term.

2. Quantum-Resistant Security (2026)

What it is:
Ethereum plans to upgrade its security by switching from current encryption methods to quantum-resistant algorithms. This is to prepare for the future when quantum computers might break today’s encryption (CoinMarketCap).

Why it matters:

• Long-term security: Protects Ethereum against future quantum attacks expected around 2030.
• Short-term impact: This complex upgrade might slow down other improvements temporarily but won’t directly affect price immediately.

3. Lean Ethereum Plan (2026-2035)

What it is:
This plan targets a major boost in Ethereum’s speed: 10,000 transactions per second on the main chain (Layer 1) and over 1 million TPS through Layer 2 networks like Arbitrum and Base. Key upgrades include:

• Beacon Chain 2.0: Faster transaction finality (under 1 second).
• Blobs 2.0: Improved data handling for rollups.
• EVM 2.0: Native support for zero-knowledge proofs (zkEVM) (ETH Roadmap).

Why it matters:

• Positive: Makes Ethereum a strong foundation for global financial applications.
• Risk: If delayed, competing blockchains like Solana could gain market share.

4. Verkle Trees & Stateless Clients (2026+)

What it is:
Verkle Trees compress Ethereum’s data, allowing “stateless clients” that only need about 100MB of storage instead of the current 2 terabytes. This means even smartphones could run Ethereum nodes (EthResearch).

Why it matters:

• Positive: Lowers the barrier to running a node, boosting decentralization.
• Potential downside: The transition is complex and might temporarily disrupt network stability.

5. Based Rollups & ZK Integration (2026)

What it is:
This upgrade combines “Based sequencing” (real-time inclusion of transactions on Layer 1) with zero-knowledge proofs to enable instant withdrawals from Layer 2. This creates an “UltraSound L2” with security equal to Ethereum’s main chain (EthResearch).

Why it matters:

• Positive: Could make third-party bridges unnecessary, simplifying user experience and improving security.
• Challenge: Layer 2 networks like Arbitrum may need to give up governance tokens (like ARB) to adopt this fully.

Conclusion

Ethereum’s roadmap balances near-term improvements like Fusaka with critical long-term upgrades such as quantum resistance. While Layer 2 solutions are driving growth now, the bigger challenge is maintaining decentralization during these technical changes. The key question: Can Ethereum’s modular design scale faster than single-layer blockchains without splitting liquidity? Watch how blob usage grows after Fusaka and how validators handle stateless client tests for early signs.

What updates are there in the ETH code base?

Ethereum’s software is getting important upgrades that improve how fast and secure the network is, while also attracting more developers to build on it.

1. Gas Limit Increase (June 30, 2025) – The network’s gas limit was raised to 45 million, allowing more transactions per block.
2. Fusaka Upgrade Prep (July 27, 2025) – Test networks are preparing for the Fusaka upgrade, planned for December 2025, which will boost data handling and speed.
3. Developer Growth (October 16, 2025) – Over 16,000 new developers joined Ethereum in 2025, keeping it ahead in the blockchain space.

Deep Dive

1. Gas Limit Increase (June 30, 2025)

What happened: Ethereum’s main software clients, Geth and Nethermind, updated to support a higher gas limit of 45 million by default. Gas is a unit that measures how much work a transaction requires. Raising the gas limit means more transactions can fit into each block.

Why it matters: Validators (the network participants who confirm transactions) can now handle about 15% more transactions per block. This helps reduce sudden spikes in transaction fees when the network is busy. The increase is part of Ethereum’s careful plan to scale without causing problems.

Bottom line: This upgrade is good news for users and developers because it means faster and potentially cheaper transactions, especially for Layer 2 solutions that build on Ethereum. (Source)

2. Fusaka Upgrade Preparation (July 27, 2025)

What happened: The Fusaka upgrade is a planned update for December 2025 that will introduce PeerDAS (EIP-7594), a technology to improve how data is shared and stored on the network. It will also double the amount of “blob” data each block can carry.

Why it matters: Test networks like Holesky, Sepolia, and Hoodi will activate these changes in October 2025 to prepare for the main update. After Fusaka, Ethereum aims to support over 12,000 transactions per second (TPS) for Layer 2 solutions by 2026, greatly improving speed and capacity.

Bottom line: While this won’t have an immediate impact, it sets the stage for cheaper and faster transactions in the future, making Ethereum more competitive with other blockchains like Solana. (Source)

3. Developer Momentum (October 16, 2025)

What happened: Despite a global slowdown in crypto developer activity (down 24% year-over-year), Ethereum added 16,181 new developers in 2025—the highest number among all blockchains.

Why it matters: Although Ethereum’s full-time developer growth (+5.8%) is slower than Solana’s (+29%), Ethereum’s developer tools and Layer 2 ecosystems like Arbitrum and Optimism remain the most widely used.

Bottom line: This strong developer interest is a positive sign for Ethereum’s future, ensuring ongoing innovation and support for upcoming upgrades. (Source)

Conclusion

Ethereum is steadily improving through upgrades like the gas limit increase and Fusaka, while continuing to attract a large and active developer community. These changes strengthen Ethereum’s role as the leading platform for decentralized applications, even if immediate fee drops are modest.

What’s next? It will be interesting to see how Fusaka’s improvements in data availability affect Layer 2 adoption compared to competitors like Solana.