Analysts Predict Ethereum (ETH) Is Poised to Surge to $10,000 — What Are the Key Factors?

Jakarta, Pintu News – The cryptocurrency market is witnessing a new wave of optimism after Vitalik Buterin, co-founder of Ethereum (ETH), announced a significant update that has the potential to increase the speed and efficiency of proof systems on the blockchain.

This update, known as the GKR protocol, is expected to reduce costs and speed up transactions, while preparing the network for the next major upgrade, Fusaka.

The GKR Protocol: A Revolution in Computational Verification

Vitalik Buterin recently introduced the GKR protocol, a verification system designed to accelerate zero-knowledge computation and reduce blockchain congestion. Unlike ZK-SNARKs or STARKs that previously relied on intermediary commitments, GKR verifies large-scale computations in logarithmic time with minimal on-chain load.

This means faster transaction confirmation and lower costs for developers working on proof-intensive applications. The GKR protocol allows proofs to bypass intermediate commitments, which reduces fuel costs and computational burden.

Although GKR is not zero-knowledge by default, its integration with ZK-SNARK or STARK layers is straightforward to guarantee confidentiality and density. Vitalik Buterin recognized Lev Soukhanov, Zhenfei Zhang, and Zachary Williamson for their contributions to the development of this protocol.

Read also: Dogecoin ETF is Getting Closer! 21Shares amends S-1 document to get green light from SEC

Fusaka Upgrade and its Impact on Scalability

The upcoming Ethereum (ETH) network update, Fusaka, is scheduled to launch in November. This update focuses on improving scalability and efficiency. Currently, developers are testing Devnet-3, which includes 11 Ethereum Improvement Proposals (EIPs). With these updates in place, it is expected that there will be significant improvements in the way transactions are processed and validations are performed within the network.

This Fusaka update comes at a good time as Ethereum (ETH) continues to show significant growth and technological adaptation. With these upgrades, Ethereum (ETH) will not only become more efficient but also more scalable, allowing for the handling of larger transaction volumes without sacrificing speed or fees.

Ethereum (ETH) Price Outlook and Market Sentiment

An analyst at X post, AlejandroBTC, predicts that Ethereum (ETH) may experience a price drop before embarking on a major surge towards $10,000. This prediction was supported by Arthur Hayes, co-founder of BitMEX, who reiterated his belief that Ethereum (ETH) could surge to $10,000 before the current cycle ends. Hayes described the recent price fluctuations as “background noise” in a continuing uptrend.

Also read: 3 Crypto Besides Bitcoin (BTC) to Watch This Week

Investor sentiment towards Ethereum (ETH) has also improved significantly following this announcement. Ethereum (ETH) price rose 4.78% in 24 hours, surpassing Bitcoin’s (BTC) gain of 3.7%.

CoinMarketCap analysis identified a “W bottom” reversal pattern, suggesting that momentum may continue to build into October. In addition, BitMine has made three major acquisitions this week which increased their corporate treasury by 379,271 Ethereum (ETH), almost $1.5 billion.

Conclusion

With the introduction of the GKR protocol and the upcoming Fusaka update, Ethereum (ETH) has not only strengthened its position as a leader in blockchain innovation but also set the stage for significant price growth.

These improvements, which support faster and cheaper transactions, are likely to attract more developers and institutions, drive further adoption and, ultimately, increase the value of Ethereum (ETH) in the market.

That’s the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Analyst Predicts $10K ETH Price as Vitalik Buterin Launches Major Upgrade for Faster Proofs Systems. Accessed on October 21, 2025
• Featured Image: Generated by Ai