Ethereum Price Plunges to $2,800 Today: Can Fusaka Upgrade Push ETH to $3,400?

Jakarta, Pintu News – The Ethereum price briefly hovered above $3,000, and many wondered if the upcoming Fusaka upgrade could push the price even higher.

The Fusaka update (Fusakan upgrade), scheduled to take place on December 3, 2025, aims to improve the scalability and efficiency of the Ethereum network. This update will be activated on the Ethereum main network at 21:49:11 UTC, at block 13,164,544.

Then, how will Ethereum price move today?

Ethereum Price Drops 5.45% in 24 Hours

As of December 1, 2025, Ethereum was trading at approximately $2,834, or around IDR 47,494,394 — marking a 5.45% decline over the past 24 hours. During this period, ETH reached a low of IDR 47,392,894 and a high of IDR 51,013,852.

At the time of writing, Ethereum’s market capitalization stands at roughly IDR 5.743 trillion, while its daily trading volume has surged by 42% over the past day to IDR 283,89 trillion.

Read also: Bitcoin Price Slumped to $87,000 on December 1, 2025, Can BTC Recover?

Fusaka Ethereum Upgrade Details

As reported by Coingape, some of the key Ethereum Improvement Proposals (EIPs) that will be implemented through Fusaka include features to improve data capacity and network performance.

One of the most prominent features is PeerDAS (EIP-7594), which is designed to improve data availability.

With PeerDAS, nodes in the network do not need to download the entire layer-2 data in one large file. Instead, the data will be broken down into smaller pieces that are then spread across the network, increasing efficiency.

This Fusaka update will make Ethereum more scalable and able to meet growing global demand. This will ensure that Ethereum can process more transactions without compromising its decentralized nature.

This series of improvements puts Ethereum in a strategic position to experience major growth, potentially pushing the price up in the coming weeks.

Ethereum price could reach $3,400, analysts predict

A crypto analyst is closely monitoring Ethereum’s price movements as it continues to hold above the $3,000 level. Over the weekend, the market showed weak movements with low volatility. However, next week is expected to be an interesting period for traders.

Ethereum’s price movements are heavily influenced by a number of important upcoming events. One of them is the end of the quantitative tightening (QT) policy in early December.

Plus, a keynote speech from Federal Reserve Chairman, Jerome Powell, scheduled on the same date, adds to the uncertainty in the market. In addition, the long-awaited Fusaka update is also set to take place on December 3, and is expected to again boost interest in ETH.

Read also: Top 3 Altcoins Predicted to Have Positive Impact Ahead of December Fed Rate Cut!

The analyst stated that if Ethereum is able to stay above the $3,000 level, there is potential for the price to surge to the range of $3,200 to $3,400. Conversely, if ETH fails to maintain its position above this important support level, the price could drop back down to the $2,800 area.

This prediction comes after a period of quite volatile price movements, where ETH had moved between $2,750 to $3,250 in the past few days.

Ethereum Price Analysis

On November 30, the price of Ethereum briefly rose to the level of $3,011, registering a slight increase of 0.22%. In recent times, Ethereum has shown significant price fluctuations, moving in a range between $2,750 and $3,250. The price movement chart displays mixed signals, with ETH still in alternating buying and selling phases.

The Moving Average Convergence Divergence (MACD) indicator is currently showing a downward trend. The signal line has cut the MACD line from above, which signals a potential bearish trend.

Meanwhile, the Relative Strength Index (RSI) stands at 55, which shows that Ethereum is currently in neutral – neither overbought nor oversold.

FAQ

What is the Fusaka upgrade for Ethereum (ETH)?

The Fusaka upgrade is a scheduled update for Ethereum (ETH) that aims to improve the scalability and efficiency of the network. This update will include several Ethereum Improvement Proposals (EIPs) that improve data capacity and network performance.

When is the Fusaka upgrade scheduled to take place?

The Fusaka upgrade is scheduled to take place on December 3, 2025.

How can Fusaka upgrade affect Ethereum (ETH) price?

If Ethereum (ETH) manages to maintain its price above $3,000, analysts predict that it could reach $3,400. However, if it fails to maintain that level, the price could drop back to $2,800.

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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. Will Fusaka Upgrade Push Ethereum Price to New Highs?. Accessed on December 1, 2025