Ethereum Surges Past $4,300 as Fusaka Upgrade Successfully Launches on Holesky Testnet
Ethereum (ETH) is worth more than $4,300 right now, which is more than 5% more than it was 24 hours ago. The Holesky testnet successfully
Quick overview
- Ethereum's price has risen over 5% in the last 24 hours, currently valued at more than $4,300.
- The Holesky testnet successfully completed the Fusaka upgrade, marking a significant step towards its mainnet launch planned for December 3, 2025.
- The Fusaka upgrade aims to reduce costs for businesses and includes 12 Ethereum Improvement Proposals, with EIP-7594 being particularly noteworthy.
- Analysts predict that if Ethereum can break through the $4,400 resistance, it may target $4,800, while support levels are identified at $4,320 and below.
Ethereum ETH/USD is worth more than $4,300 right now, which is more than 5% more than it was 24 hours ago. The Holesky testnet successfully finished the network’s planned Fusaka upgrade early on Wednesday. The milestone is a big step toward the update becoming live on the mainnet, which is tentatively planned for December 3, 2025.
Fusaka Upgrade Passes Critical Holesky Test
The next large upgrade to Ethereum’s network has passed its first big test: it was successfully put on Holesky, one of the network’s main testing environments. “Holesky is done!” stated Parithosh Jayanthi, a DevOps developer at the Ethereum Foundation. “This is a great first step toward Fusaka on the mainnet and more blobs on Ethereum.”
The Fusaka hard fork happens only a few months after Ethereum’s huge Pectra upgrade in May. The basic purpose is to make things cheaper for businesses. There are 12 Ethereum Improvement Proposals (EIPs) in the update, and PeerDAS (EIP-7594) is the most fascinating one. This feature helps validators check transactions without having to download entire rollup data blobs. This saves money for both Layer 2 networks and validators.
Roadmap to Mainnet Deployment
After the Holesky test went well on Wednesday, Ethereum core developers set up future testnet deployments for Sepolia on October 14 and Hoodi on October 28. After these rounds of validation are over, engineers will choose the date for the mainnet launch, which is now slated for the beginning of December.
It’s vital to remember that the Holesky testnet, which was created to appear like Ethereum’s mainnet validator setup in 2023, will be totally turned down two weeks after Fusaka goes live. The network has been having problems with reliability lately, so Fusaka is the last upgrade before it is shut down.
ETH/USD Technical Analysis: Bulls Target $4,500 Resistance
Ethereum’s price movement displays strong positive momentum because ETH broke through a trendline that has been heading down since September 13. The 50-day Simple Moving Average is being tested by the cryptocurrency right now. The first level of resistance is $4,400, and the second level is roughly $4,500, which is a very important psychological barrier.
Coinglass says that in the last 24 hours, the futures market has seen $145.7 million in liquidations, with short positions making up $110.6 million. This is a clear sign that the bears are giving up. ETH immediately soared to $4,400 before settling down, which is a local high that traders are keeping a close eye on.
The Relative Strength Index (RSI) and Stochastic Oscillator are both barely above neutral levels. This suggests that there is a small bullish trend, but not too much in the overbought area. The MACD indicator is rising up in the positive zone, which supports the concept that prices will keep going up.
ETH broke through a contracting triangle pattern on the hourly chart, but it hit resistance at $4,180. This is more technical evidence of the upward trend. The price is still considerably above the 100-hourly Simple Moving Average, which is presently more over $4,320.
Ethereum Price Prediction: Eyes on $4,800 Target
Analysts say that if bulls keep moving and break past the $4,400-$4,420 resistance zone, the price will rise to $4,500 and then $4,550. Ethereum might swiftly go toward $4,720 if it breaks above $4,650. Its long-term aim is $4,800.
If it doesn’t break through $4,400, though, it might head back to support levels. The first level of support is $4,320, and the most important levels of support are $4,250 and $4,200. If ETH goes below these levels, it could drop to the $4,120 range or perhaps $4,050 if things go really bad. The 100-day Simple Moving Average gives extra support around $4,100.
Market Outlook
The successful launch of the Fusaka testnet has given the Ethereum ecosystem new hope, especially because the update promises to cut expenses for Layer 2 networks and businesses. As long as ETH can break through the $4,400–$4,500 resistance zone and build up support above present levels, it appears like it will keep going higher in the foreseeable future. This is due of strong technical indicators and a number of short liquidations.
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