On December 3, 2025, Ethereum surged over 8%, returning above the $3000 mark, currently priced around $3017, largely recovering the losses from Monday's big dump. Today, Ethereum welcomes the Fusaka upgrade, which will enhance scalability and improve transaction throughput, providing support for the market. From a technical perspective, the MA is in a bullish arrangement and has formed a bullish resonance, with the 2-hour MACD and EMA being biased towards the long positions in the short term, and strong buying support on the daily chart. However, the decrease in trading volume has led to a divergence between volume and price, and the rise lacks sufficient capital support, intensifying the Bull vs Bear Battle. In the short term, if it holds above $3020, it is expected to challenge the 3080 - 3100 resistance level. It is advised not to chase the price above the $3000 mark and to consider opening a Short position at high points.
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On December 3, 2025, Ethereum surged over 8%, returning above the $3000 mark, currently priced around $3017, largely recovering the losses from Monday's big dump. Today, Ethereum welcomes the Fusaka upgrade, which will enhance scalability and improve transaction throughput, providing support for the market. From a technical perspective, the MA is in a bullish arrangement and has formed a bullish resonance, with the 2-hour MACD and EMA being biased towards the long positions in the short term, and strong buying support on the daily chart. However, the decrease in trading volume has led to a divergence between volume and price, and the rise lacks sufficient capital support, intensifying the Bull vs Bear Battle. In the short term, if it holds above $3020, it is expected to challenge the 3080 - 3100 resistance level. It is advised not to chase the price above the $3000 mark and to consider opening a Short position at high points.