Ethereum Holds $3,100, Fusaka Upgrade and Record TPS Set Stage for Potential $6K-$7K Breakout
Ethereum is trading close to $3,186, showing that it is rather stable around the psychologically crucial $3,100 level, even though the rest
Quick overview
- Ethereum is currently trading around $3,186, showing stability near the crucial $3,100 level despite market uncertainties.
- The upcoming Fusaka upgrade promises significant improvements to Ethereum's protocol, potentially enhancing efficiency and lowering transaction fees.
- Ethereum has achieved a record high of 24,192 transactions per second, indicating successful scaling efforts and increased network activity.
- Short-term technical indicators suggest a cautious outlook, with Ethereum needing to reclaim the $3,280-$3,350 range to confirm a bullish trend.
Ethereum ETH/USD is trading close to $3,186, showing that it is rather stable around the psychologically crucial $3,100 level, even though the rest of the market faces uncertainties. The leading smart contract platform is having some technical problems in the short term, but several important changes are happening that could lead to a big structural breakout in ETH in the next few months. These include the upcoming Fusaka upgrade and record-breaking transaction throughput.
Fundstrat’s Tom Lee Sees Ethereum Supercycle Emerging
Tom Lee, a veteran of Wall Street and the head of Fundstrat, has made a bold forecast that Ethereum is entering a supercycle like Bitcoin’s, and he tells traders to get ready for price swings as prices rise. Lee’s approach shows that long-term holders often see big gains after big dips, which is what has happened in preceding crypto bull markets.
At the Bridge conference, Anthony Bassili of Coinbase Asset Management shared this hopeful view, saying that Ethereum is very important to institutional portfolios and should be the second most important digital asset after Bitcoin. The institutional validation comes at a time when Ethereum’s technological infrastructure is getting a lot better.
Ethereum Fusaka Upgrade Promises Major Efficiency Gains
The Fusaka update, which is set to happen in early December 2025, will be one of Ethereum’s biggest improvements to its protocol. Cas Abbé, a crypto expert, said that “ETH is quietly getting ready for one of its most important structural improvements in years.”
The upgrade adds two game-changing features: PeerDAS (Peer Data Availability Sampling), which lowers the amount of bandwidth needed for nodes and makes it easier for Layer 2 networks to publish data, which could lower L2 transaction fees; and Verkle Trees, a new data structure that speeds up state verification and lowers the hardware needed for validation.
The Ethereum Foundation says that these changes might increase Ethereum’s effective block space to about 150 million gas. However, how well they operate in the real world will rely on how well Layer 2 networks integrate them after they are rolled out.
Ethereum’s Record-Breaking TPS Demonstrates Scaling Success
Recent statistics from L2Beat shows that Ethereum has reached an all-time high of 24,192 transactions per second (TPS) over the past seven days, when you add together all the activity on both the mainnet and Layer 2. This is a huge improvement over the mainnet’s previous capacity of less than 30 TPS before massive scaling projects.
The Lighter rollup ecosystem alone can handle about 4,000 TPS. A lot of the overall growth came from the Dencun upgrade that took place in early 2025. This upgrade added proto-danksharding and made L2 data costs much lower. Vitalik Buterin, one of the founders of Ethereum, even said, “Ethereum is scaling.” You can see the improvements in all the rollups.
ETH/USD Technical Analysis: Curved Trendline Suggests Accumulation Phase
Ethereum’s daily chart shows a building curved trendline structure. Technical analysts link this pattern to slow changes from consolidation to upward momentum. This pattern shows that pullbacks are getting shallower over time, which means that buyers are coming in earlier and earlier.
Using Fibonacci extensions and historical volatility ranges, a possible breakout scenario has been created. If ETH advances clearly above the curved trendline and there are confirmation signals, such as higher trading volume, an RSI over 60, and a daily close above the $3,450-$3,550 resistance zone, the predicted targets are in the $6,000-$7,000 range.
But technical indications for the near term tell a different story. Ethereum is having a hard time because it couldn’t stay above $3,250. On the hourly chart, a negative trendline is building around $3,160. The RSI has dropped below 50, and the MACD suggests that momentum is slowing down, which means that buyers aren’t sure about the current levels.
On-Chain Metrics Show Mixed Signals
According to Glassnode statistics, exchange reserves have dropped to 15.5 million ETH, which is the lowest level in a few years. This is usually a bullish sign because there is less selling pressure. The EIP-1559 burn mechanics keep ETH supply growth negative, which supports supply-side fundamentals even more.
Trading volume, on the other hand, fell by over 60% in the last 24 hours to roughly $23.4 billion. This shows that market participants are being cautious in the short term, even though the fundamentals are getting better.
Ethereum Price Prediction: Key Levels to Watch
Ethereum needs to go back into the $3,280-$3,350 barrier zone in the short term to prove that any bullish turnaround attempt is real. If the price breaks out above $3,450 to $3,550, it will be able to go higher. On the other hand, if the $3,000 support level doesn’t hold, the price might drop much further to $2,880 or possibly $2,750.
The long-term picture for 2025 hinges a lot on how well the Fusaka upgrade goes and how much Layer 2 keeps growing. If the market stays liquid and there are confirmed breakthrough signals, Ethereum might rise toward the $6,000-$7,000 range. If things go more neutrally, ETH might stay between $2,900 and $3,500 as it adds new technical features.
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