Key Takeaways
- Ethereum consolidates between $2,700–$3,300 with resistance at $3,000.
- Spot ETFs recorded $60.99M in inflows, boosting investor confidence.
- Network hits record TPS, strengthened by Layer 2 dominance.
- Fusaka upgrade on Dec 3, 2025 may act as a performance catalyst.
Ethereum Holds Near $3,000 as ETFs Surge and Fusaka Upgrade Builds Anticipation
Ethereum’s price is stabilizing just below the $3,000 mark after a period of market correction, creating a tightly-watched setup for traders and institutional investors. With fresh ETF inflows, network performance records, and a major upgrade around the corner, ETH is entering a pivotal phase that could define its next breakout.
Also Read: Ethereum in May 2025: ETF Inflows, DeFi Strength, and the Pectra Upgrade Explained
Institutional Money Is Fueling Renewed Confidence
Ethereum has seen a notable resurgence of institutional demand. U.S.-listed Ethereum spot ETFs recorded $60.99 million in inflows, signaling renewed conviction despite recent market volatility. This accumulation aligns with ETH’s ongoing consolidation between $2,700 and $3,300, a range that has held firm even as broader crypto sentiment softened.
These inflows suggest long-term optimism, particularly as investors position ahead of both macroeconomic catalysts—such as anticipated U.S. Federal Reserve rate cuts—and Ethereum’s own network upgrade cycle.
Ethereum Network Hits Record TPS Driven by Layer 2 Strength
Beyond price action, Ethereum’s ecosystem continues to expand rapidly. The network achieved a record 7-day average TPS of 364.52, with a peak TPS of 24,192, largely powered by Layer 2 solutions now commanding more than 95% of total throughput.
In parallel, the Ethereum mainnet raised its block gas limit to 60 million, the highest level in four years. This milestone reflects ongoing scalability improvements and prepares the chain for the upcoming Fusaka upgrade.
Also Read: Ethereum’s Big Bet: Can Fusaka Transform the Network
The Fusaka Upgrade Could Be the Catalyst Ethereum Needs
Scheduled for December 3, 2025, the Fusaka upgrade is widely viewed as a potential spark for stronger performance. It aims to enhance efficiency and support the rising activity from Layer 2 networks.
Still, onchain trading activity has recently cooled, and momentum indicators present mixed signals—suggesting traders remain cautious until post-upgrade clarity emerges.
A Breakout Hinges on Macro and the Fusaka Impact
Ethereum is at a crossroads. Strong institutional inflows and record network performance paint a bullish backdrop, but technical resistance around $3,000 and cooling onchain activity demand patience.
If the Fusaka upgrade delivers as expected—and macro conditions ease—Ethereum could finally break out of its consolidation range and challenge higher targets.
