Quick overview

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Ethereum is experiencing a resurgence as it surpasses $3,600, but investors remain uncertain about whether it can maintain this level.

ETH is trading in the high $3,000s after a turbulent year that saw it peak above $4,700 in August before sharply declining in October. Market observers are divided on the drop below $4,000. Some see indications of a more serious correction, while others believe that improving fundamentals could ignite a recovery.

2025 has proven to be a volatile year for Ethereum, with the key question being: Can ETH break above $4,000 and stay there? In early October, when Bitcoin reached a new all-time high, ETH briefly surged past $4,300, although this rally lasted only about five minutes.

Ethereum fell to the mid-$3,000s amid a market-wide sell-off triggered by geopolitical tensions. However, the rebound was rapid. By mid-October, ETH climbed back above $4,000, bolstered by strong support from institutional buyers.

Wall Street is increasingly showing support for Ethereum (ETH), evidenced by significant inflows of institutional capital. The launch of Ethereum exchange-traded funds (ETFs) this year has greatly improved accessibility for mainstream investors. In August, Ethereum ETFs experienced record inflows, with more than $2.8 billion entering the market in just one week. This amount surpassed the inflows seen in Bitcoin funds during the same period.

Ongoing upgrades to the Ethereum network are enhancing its functionality. The upcoming update, “Fusaka,” is scheduled for launch on December 3, and it aims to increase the network’s data capacity. We can expect improvements in transaction throughput and reduced gas fees.

Although transaction fees have not surged as they did in previous bull markets, Ethereum’s network activity is approaching levels not seen since 2025. If Ethereum can continue to grow without deterring users due to high costs, it will be a significant achievement. Price targets remain optimistic, with many analysts believing ETH will surpass its previous all-time high of $4.8K.