A sudden spike after Ethereum fell to $2,725 has created significant market movement. The biggest question now is whether the upcoming Fusaka Upgrade can turn this recovery into a major Ethereum rally.

$ETH Currently trading strongly above $3,000, this upgrade is considered one of its most significant technological advancements so far.

Ethereum's recovery even before the Fusaka Upgrade has made the market bullish.

On December 1, Ethereum touched a low of $2,725, leaving traders stunned. However, in the next 24 hours, ETH recorded a strong bounce of 8% and rose back above $3,000.

Currently, ETH is trading at approximately $3,031, while its market cap is $365.91 billion.

ETH's price has climbed from $2,788 to $3,045 and has stabilized around current levels.

Ethereum Price (Source: CoinMarketCap)

The timing of this spike coincides precisely with the Fusaka Upgrade, which will activate on December 3, 2025, at 21:49 UTC.

What is the Fusaka Upgrade?

This upgrade will implement PeerDAS—a data-availability system that allows nodes to store only 1/8 of blob data. This will enable 8x scalability for Ethereum Layer-2 Rollups.

This is considered as significant for Ethereum as the Pectra Fork (May 2025), which initiated a 29% rally in ETH and improved validator operations on the network.

Whale purchases have accelerated—Smart Money is also bullish on ETH.

A major reason behind the recovery of ETH is the aggressive accumulation by whales.

According to Lookonchain:

  • Tom Lee's Bitmine purchased 18,345 ETH worth $54.94M—just hours before the upgrade.

Ethereum Whale Buying (Source: X)

Additionally, Whale Wallet 0x26b5 is making a significant purchase of EDEL tokens-

Last week, by purchasing an additional 1.32M and today 1.83M, its holding has increased to 3.15M EDEL.

Whale confidence usually increases before a significant move—which is a strong bullish signal for Ethereum.

Ethereum Price Prediction: Can ETH touch $5,000 after the Fusaka Upgrade?

According to the chart, reclaiming the $3,000 level is extremely important.

ETH has shown healthy recovery by rising from the RSI's oversold level (36) to 46—without entering the overbought zone.

Key Resistance Levels

  • $3,220 (first resistance)

  • $3,450 (major supply zone, rejected from here last time)

If ETH maintains the current momentum, retesting these levels is considered likely.

ETH Price Chart (Source: TradingView)

If ETH rallies by 30% from $3,030, it could reach $3,939—meaning historic ranges of $4,000–$4,100.

A similar rally was observed after the Pectra Fork when the market priced in improvements in utility.

Benefits of the Fusaka Upgrade:

  • Cheaper L2 rollups

  • Higher throughput

  • Better node optimization

Due to these changes, investors are already asking—can ETH create a new ATH?

Short-term Ethereum Price Prediction (1–2 weeks)

ETH is likely to trade between $3,180–$3,350 as the market interprets the results of the upgrade.

Mid-term forecast (1–2 months)

If the L2 network speed increases and fees decrease, ETH can reach $3,450–$4,000.

Long-term outlook (2026)

Given the increased scalability from Fusaka, ETF inflow, and the deflationary mechanism of EIP-1559, ETH could create a new cycle-high of $5,200–$5,800.

Conclusion

Ethereum's recovery above $3,000 reflects positive expectations associated with the Fusaka Upgrade.

With the help of PeerDAS, Ethereum can become scalable, efficient, and cost-effective, thereby increasing investors' confidence.

Whale accumulation and technical strength indicate that ETH may test the $4,000 level in the coming weeks, and the possibility of a new ATH in 2026 also increases.

Disclaimer:

This article is for educational purposes only. Please do your research before investing in crypto.

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