How High Could Ethereum Price Go When Fusaka Launches? History Gives a Clue

Core Insights - Ethereum is set to implement the Fusaka upgrade on December 3, 2025, which aims to enhance blockchain capacity and reduce transaction costs [1][2] - The upgrade is crucial for Ethereum's price trajectory, currently around $2,839, as it approaches significant technical levels [1][4] Fusaka Overview - The Fusaka upgrade will increase the block gas limit from approximately 45 million to 60 million, enhancing transaction capacity [2] - It introduces Peer Data Availability Sampling, allowing validators to verify data by sampling rather than downloading full blobs [2] Efficiency Improvements - Additional changes will focus on improving Layer-2 rollup efficiency, making decentralized applications cheaper and faster to use [3] Historical Context - Previous upgrades, such as the May Pectra upgrade, resulted in a price increase of over 30% shortly after implementation [4] - Fusaka is viewed as a more significant infrastructure improvement, potentially leading to another price rally [4] Institutional Interest - Institutional investors, like BitMine, are showing interest in the upgrade, having purchased an additional 96,798 ETH ahead of the Fusaka launch [4] Market Conditions - Analysts indicate that ETH is at a critical level before the upgrade, having recently broken out of a descending wedge pattern [8] - A successful retest of this pattern could lead to a price movement towards $3,500, a key resistance zone [8] Analyst Sentiment - Tom Lee expresses a bullish outlook for Ethereum, predicting a potential surge to between $7,000 and $9,000 by early 2026, despite a possible near-term dip to around $2,500 [5][7]