• $ETH is trading around US $3,500 (approx) with modest daily movement.
CoinMarketCap
+2
CoinGecko
+2
•Significant institutional accumulation: whales have picked up ~394,682 $ETH (~US $1.37 billion) during a recent dip.
Bitget
•Upcoming major network upgrade: the Fusaka upgrade (expected December) is set to improve scalability and reduce Layer-2 transaction costs.
CoinDesk
+1
•📉 Considerations & Risks
While large buys are positive for long-term sentiment, technical signals remain cautious: $ETH is near key support and prediction markets show mixed outcomes.
•Decrypt
With macro and crypto markets under strain, even strong fundamentals may not immediately translate into price upside.
•📊 Outlook
If Fusaka goes smoothly and institutional interest continues, ETH could gain momentum toward the next resistance levels.
But if risk appetite falters, price could revisit lower support zones before finding a clear breakout.
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