$ETH — Latest Analysis (as of December 2, 2025)
📉 Current Situation
ETH recently dipped to around $2,800–$2,850.
The decline reflects broader crypto market weakness: risk-off sentiment, macroeconomic uncertainty, and reduced liquidity hit many assets.
⚙️ What’s Going On Behind the Scenes
The upcoming Fusaka upgrade (due December 3, 2025) is one of the most important developments for Ethereum lately. It is expected to dramatically boost scalability and reduce Layer-2 transaction fees.
That long-term technical improvement could strengthen network fundamentals — which supporters argue may justify a higher valuation sooner or later.
At the same time, many analysts believe ETH is materially undervalued at current price levels: several valuation models suggest a “fair value” well above current price — sometimes in the range of $4,600–$4,800+.
🎯 What’s Next: Outlook & Key Scenarios
Short-term (next 1–2 weeks): Some technical analyses indicate a potential bounce toward $3,200–$3,400, if oversold conditions trigger reversal.
Medium-term (1–2 months): If the Fusaka upgrade delivers as expected and market sentiment stabilizes, a return toward $4,300–$4,800 is possible, especially if broader crypto markets improve.
Bullish long-term scenario: Given Ethereum’s ecosystem strength, long-term demand for DeFi, Layer-2s and institutional adoption — ETH could rebound strongly if upgrades + macro tailwinds align.
✅ My View: Balanced Optimism
Given the ongoing network upgrades and underlying fundamentals, ETH seems like it’s in a “buy-on-discount” window — especially for those thinking medium to long-term. That said, short-term volatility remains high, and macro risks (global economy, regulatory shifts, risk sentiment) can still derail sharp recoveries.
