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# **Ethereum Price Drops 40% but Bullish Reversal Signals Emerge Ahead of Fusaka Upgrade**
**Ethereum price has slipped significantly over the past few months**, falling nearly **40% from its yearly high** and retesting the critical **$3,000 support level**. The decline aligns with the wider **crypto market crash**, but several strong catalysts point toward a potential bullish reversal soon.
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## **🔍 Summary (SEO Optimized)**
* Ethereum price has formed a **bullish falling wedge pattern**.
* ETH prepares for the **Fusaka network upgrade** scheduled for **December 3**.
* Tom Lee’s BitMine continues **accumulating ETH**, holding over **$10 billion** worth.
* ETH trades near the crucial **$3,000 support**, down ~40% from its peak.
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# **Ethereum Price Analysis: Bulls Prepare for a Potential Breakout**
Ethereum is currently trading near **$3,000**, a major psychological and historical support zone. Despite the sharp correction, ETH still has several strong **fundamental catalysts** that could trigger a recovery in the coming weeks.
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## **🚀 Fusaka Upgrade Set for December 3 — A Major Catalyst for ETH**
The upcoming **Fusaka upgrade** is expected to significantly enhance Ethereum’s performance and scalability.
### **Key improvements coming with Fusaka:**
### ✔ **Peer Data Availability Sampling (DAS)**
This allows validators to verify rollup blob data **without downloading the full dataset**, reducing bandwidth and storage needs.
➡ Result: Faster validation, lower hardware demand, and **much higher network throughput**.
### ✔ **Verkle Trees Integration**
Improves data storage efficiency, enabling lighter nodes and strengthening decentralization.
### ✔ **Predictable Blob Fees**
Stabilizes blob pricing, improving the user experience for L2 rollups.
### ✔ **History Expiry Tweaks**
Optimizes old blockchain data, reducing bloat over time.
These upgrades support Ethereum’s dominance in:
* **DeFi**
* **Real-World Asset (RWA) tokenization**
* **Layer-2 scaling platforms**
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## **💰 Big Investors Accumulating ETH — Bullish Confidence**
Notable investors continue **buying Ethereum aggressively**.
Tom Lee’s **BitMine Immersion**, backed by **Cathie Wood** and **Peter Thiel**, has purchased **over $10 billion worth of ETH in recent months** — showing long-term institutional confidence.
Such accumulation historically aligns with **market bottoms** and **trend reversals**.
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# **📉 Ethereum Technical Analysis: Falling Wedge Signals Bullish Reversal**
### **Bearish indicators still present:**
* ETH remains **below the 50-day and 100-day moving averages**.
* The **Supertrend indicator** remains bearish, signaling sellers still have some control.
But the chart also reveals major bullish signals:
### **✔ Falling Wedge Pattern (Highly Bullish)**
A **giant falling wedge**, one of the strongest reversal patterns, is forming and nearing a breakout zone.
### **✔ MACD Bullish Crossover**
The MACD lines have crossed upward — a classic **momentum reversal signal**.
### **✔ RSI Rising Toward 50**
The RSI is climbing out of oversold territory, showing buyers slowly returning.
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# **📈 Ethereum Price Prediction: Can ETH Rebound?**
**If Ethereum breaks out from the wedge**, the next major target is:
### 🎯 **Resistance Target: $3,500**
A clean breakout with strong volume could send ETH back toward this level.
### ❗ Bearish Invalidation Level
A drop **below $2,635** would invalidate the bullish outlook and likely trigger further downside.
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Ethereum is currently oversold but fundamentally stronger than ever.
With the massive **Fusaka upgrade**, growing institutional accumulation, and improving technical indicators, ETH has a strong chance of **reversing toward $3,500** in the coming days or weeks.
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Just tell me!