Ethereum Holds Steady at $3,000 Ahead of December’s Fusaka Upgrade
Jakarta, Pintu News – The price of Ethereum surged past the $3,000 level, as enthusiasm grew ahead of a major update known as the Fusaka Upgrade. On November 27, the ETH price had risen by 3%, driven by a broader recovery in the crypto market.
The overall crypto market saw a 3.45% gain in the same period. As part of this sharp recovery, the price of Bitcoin shot back above $90,000 after a week of weakness. Altcoins such as Solana, Ripple, Dogecoin, and Cardano also showed a similar recovery, further strengthening the positive sentiment in the market.
Then, how will Ethereum price move today?
Ethereum Price Drops 0.89% in 24 Hours
On November 28, 2025, Ethereum was trading at approximately $3,013, or around IDR 50,360,172, reflecting a slight dip of 0.89% over the past 24 hours. Within the same period, ETH reached a low of IDR 49,930,197 and a high of IDR 50,898,733.
At the time of writing, Ethereum’s market capitalization is estimated at IDR 6,043 trillion, while its 24-hour trading volume has dropped by 32%, settling at IDR 250.9 trillion.
Read also: 4 Reasons Why Ethereum Price Could Be Bullish to $3,600, Here’s What Analysts Say!
Fusaka Update Ready to Boost Ethereum’s Scalability
Ethereum’s major update scheduled to take place on December 3, the Fusaka Upgrade, is expected to bring significant performance improvements to the execution and consensus layers of the network.
One of the key features in this update is PeerDAS, a system that distributes the responsibility of data availability to a randomized group of nodes.
The system is designed to increase data capacity by almost eight times and lower rollup posting fees. The developers believe that these improvements will make Layer-2 transactions cheaper and encourage wider adoption of Ethereum, especially in the DeFi, gaming, andReal World Assets ( RWA) sectors.
While major network updates often elicit an early market response, the recent weakness in ETH prices reflects the cautious attitude that still persists. Traders still seem to be waiting for stronger technical confirmation before moving to a more optimistic view on ETH.
Spot Ethereum ETFs record large inflows, ETH ready for $3,500?
The spot Ethereum ETF product recorded inflows of $60.82 million on November 26, marking the fourth consecutive day of wins. This figure also shows an equally large total net acquisition.
On the other hand, spot Bitcoin ETFs only recorded inflows of $21.12 million, with one of the main products-Fidelity FBTC-experiencing outflows.
Read also: Bitcoin Price Held at $91,000 Today: BTC Recovers Ahead of Fed Rate Cut
XRP also showed consistent demand with spot ETF inflows of $21.81 million. However, the Solana (SOL) spot ETF recorded net outflows of $8.1 million, reflecting a shift in investor sentiment among the major crypto ETF products.
ETH Ready to Climb to $3,500?
Ethereum price continues to strengthen after a significant spike on November 27. ETH is currently holding around the $3,030 zone, showing renewed strength after a few days of flat consolidation.
If ETH manages to break the $3,200 level, analysts expect the price to be pushed to $3,300, and even up to $3,400 if the momentum continues. A rise to $3,500 would be a strong signal of a long-term recovery. However, if it fails to hold above $3,000, the price could go back to testing support at $2,900 or even $2,700.
Technically, the MACD indicator showed a positive crossover again, signaling increased buying pressure. The RSI is at 64, which shows strong performance without entering theoverbought zone.
Overall, Ethereum is currently showing renewed momentum, driven by increased market confidence ahead of the Fusaka Upgrade. With the combination of positive sentiment, strong ETF data, and strengthening technical signals, ETH looks poised to continue its rally towards higher price targets.
FAQ
What is the Fusaka update on Ethereum (ETH)?
The Fusaka update is a network upgrade scheduled for December 3, which aims to improve the performance of Ethereum’s execution and consensus layers, including new features like PeerDAS.
How has the crypto market in general performed recently?
The crypto market has seen a recovery, with Bitcoin (BTC) rising above $90,000 and altcoins such as Solana (SOL), Ripple (XRP), Dogecoin , and Cardano (ADA) also seeing gains.
How much inflow has the spot Ethereum ETF experienced recently?
The spot Ethereum ETF recorded inflows of $60.82 million on November 26, indicating a continued positive trend.
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*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. Ethereum Price Rallies Above $3000 Ahead of Fusaka Upgrade, What to Expect. Accessed on November 28, 2025
