- Since mid-October, the Ethereum price has been resonating within the two downsloping trendlines of a falling wedge pattern
- Ethereum’s latest Fusaka strengthens layer-1 network and rollup coordination, aiming to boost throughput and efficiency
- Mid-sized investors have consistently influenced ETH’s pricing trends throughout 2025.
ETH, the native cryptocurrency of the Ethereum blockchain, jumps over 6.4% during Wednesday’s U.S. market hours, to trade at $3,210. The buying pressure can be attributed to several reasons, including broader market recovery, Ethereum activating the Fusaka upgrade, and institutional/whale shows renewed accumulation. In addition, the Ethereum price shows preparation for a key breakout from a bullish continuation pattern, signaling an opportunity for prolonged recovery.
ETH Jumps as Fusaka Upgrade and Fed Policy Shift Ignite Market Momentum
In the last two days, the Ethereum price has shown a sharp rebound from $2,780 to the current trading value of $3,223, registering a 14.64%. This upward trend gained momentum under broader financial changes prompted by the US Federal Reserve’s move to end quantitative tightening measures beginning December 1.
The move puts more in circulation in an earlier approach of pulling $3.2 trillion out of economic systems in 2025.
The most recent spike is directly linked to the completion of the “Fusaka” enhancement on the primary network of Ethereum. This development advances the platform’s layer-1 combined with the rollup strategy, increasing the efficiency of the core layer, providing more space for data blobs, lowering costs for the rollup operations, and improving user interactions.
It introduces a mechanism called Blob Parameter Only fork toggle, which was designed to incrementally increase the limits of blobs in response to increases in the needs of rollups. Insights from Consensys suggest the future pattern of Ethereum adding hard forks every six months rather than once a year.
Adding to the positive signals, Ethereum broke $3,215 on heavy buying by mid-tier holders controlling between 1,000 and 10,000 ETH units. These groups have been instrumental in defining the market behavior of the second-largest cryptocurrency throughout 2025.
On top of that, the ecosystem witnessed an influx of 190,000 fresh addresses formulated within a single day, which reflects expanding participation.
Ethereum Price To Face Key Resistance at $3,270
The ongoing correction trend in Ethereum price has recently stabilized above the $2,700 mark, shifting its trajectory sideways and upward inclined. In the last two weeks, the coin has shown a bullish rebound from $2,622 low to its current trading price of $3,200, registering a 22% gain.
Interestingly, this upswing is part of a fresh bull cycle within the formation of a falling wedge pattern in ETH’s daily timeframe chart. The chart setup is commonly spotted at the end of a correction or between an established uptrend to recuperate the exhausted bullish momentum.
The momentum indicators, RSI, support the bullish thesis as its slope rebounded to the neutral region at 48%.
If the bullish momentum persists, the Ethereum price will jump 2% before challenging the upper boundary of the wedge pattern at $3,270. A potential breakout from this barrier will further accelerate the buying pressure and bolster the altcoin for a recovery beyond $3,500.
On the other hand, if the coin price shows an intact supply pressure at the overhead trendline, the sellers could strengthen their grip over this asset for a potential pullback.
Also Read: Ethereum Price $2,700 as Traders Position for Fusaka Upgrade
