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Ethereum under pressure: Fusaka upgrade launched, price drops to $3,940!
Ethereum (ETH) is testing the Fusaka upgrade on the Hoodi testnet as the price hovers at $3,940. Developments at a glance.
Ethereum under pressure: Fusaka upgrade launched, price drops to $3,940!
Today, October 29, 2025, the Ethereum market is set for significant developments as the price is at$3,940and the cryptocurrency is below the resistance level of$4,100located. This precarious situation is caused by pressure100-day Exponential Moving Average (EMA)reinforced. Current market analysis suggests that support for ETH may be at$3,800could be if the bearish trends continue.
An outstanding event is the successful introduction of theFusaka upgradeson theHoodi testnet. This upgrade is the third and final testnet launched after Holesky and Sepolia. Fusaka's mainnet launch is tentatively scheduled for theDecember 3rdplanned. The goal of the Fusaka upgrade is to improve the scalability and security of the Ethereum network, implementing twelve Ethereum Improvement Proposals (EIPs), including EIP-7594 (PeerDAS) for verifying Layer 2 transactions.
Market analysis and liquidations
In the last 24 hours in the Ethereum market$142.5 millionrecorded in liquidations, whereby$103.3 millionaccounted for long positions. Such significant liquidations can have an additional impact on price developments. Should he50-day EMAamong the100-day EMAfall, the ETH price could rise$3,470sink.
To start a rally, ETH would need to break and over a key downward trend line$4,500climb. Currently, the Relative Strength Index (RSI) and the Stochastic Oscillator (Stoch) are showing downward trends, indicating potential bearish momentum.
Future developments
As part of the ongoing development of the Ethereum network, the Fusaka upgrade follows the previous upgrade, Pectra, which was carried out in May. Pectra improved staking efficiency, introduced smart wallet features, and enabled blob expansion. To further increase efficiency and scalability, a future upgrade called Glamsterdam is already planned for 2026.
The coming weeks and the mainnet launch of Fusaka could be crucial for the price development of Ethereum and possibly also influence the entire ecosystem. Traders and investors carefully monitor developments and price movements in order to formulate suitable strategies for action.