Recent Price Performance
As of December 10, 2025, Ethereum (ETH) has surged to $3,365.38, marking an 8.24% increase from the previous close. The intraday high and low were $3,392.39 and $3,099.10, respectively. This strong upward movement has attracted notable attention from investors and analysts.
Factors Driving the Rally
Fusaka Upgrade and PeerDAS
Ethereum’s rally can be traced to the successful activation of the Fusaka upgrade on December 3, 2025, which introduced Peer Data Availability Sampling (PeerDAS). This upgrade expanded the network’s data capacity tenfold and enabled over 12,000 transactions per second for Layer 2 solutions, vastly improving scalability for decentralized applications. However, the upgrade has initiated debates around staking, especially for solo stakers facing reduced ETH issuance.
Institutional Investment and ETFs
Institutional interest is also driving ETH’s price. The rollout of Ethereum-based exchange-traded funds (ETFs), including BlackRock’s ETHB, has made ETH more accessible to traditional investors and signaled increasing confidence in Ethereum’s long-term potential.
On-Chain Activity and Whale Behavior
On-chain data shows mixed trends among crypto whales, with both accumulation and profit-taking evident. Major transactions—such as a whale selling 629.27 million TRX to buy 48,390 ETH—underscore the complex impact of large investors on price movements and volatility.
Technical Analysis and Market Outlook
Technical indicators suggest Ethereum is nearing a crucial resistance level. The weekly chart warns of a possible close below the $3,950 horizontal area, which is significant in ETH’s price history. Momentum indicators like the RSI and MACD are flashing bearish signals, prompting caution among traders.
Bottom Line
Ethereum’s outlook for 2025 is shaped by protocol advancements, institutional activity, and market sentiment. While ETH’s current rally reflects strength and innovation, there are risks related to technical resistance and evolving staking economics. Investors should monitor these dynamics carefully in the volatile cryptocurrency market.
