Ethereum Eyes $5,000 Milestone as Fusaka Upgrade and ETF Inflows Boost Optimism

Bitcoin has already broken through its all-time high twice this week. For Ethereum, the magic mark of $5,000 is the next target to top the previous record high from August. When will ETH be ready?

Ethereum (ETH) is optimistically entering the final quarter of 2025, with temporary weaknesses from early summer seemingly forgotten

The number two cryptocurrency has received a boost from ETH companies like Bitmine Immersion and the ETH ETFs in the US. A new Ethereum all-time high of around $4,950 at the end of August was, in investors’ view, the high point so far – now the focus is on the magic mark of $5,000.

But when the Bitcoin price curve hit new all-time highs twice on Sunday and Monday, Ethereum bounced off that target. At around $4,500, Ethereum is within sight, but it would need to gain ground. On the Polymarket betting market , 71 percent of participants are confident that Ethereum will clear the $5,000 hurdle by the end of the year. Observers point to three specific reasons for ETH’s encouragement:

– ETH ETFs in the US remain on a successful path, recording another $600 million in capital inflows this week alone. Institutional investors continue to see pent-up demand for Ethereum in their crypto investments, and Bitcoin ETFs already caused a stir in 2024. Sustained capital flow into Ethereum is a prerequisite for gains in the price curve.

– The shutdown in the US and a key interest rate cut expected at the end of October are not only boosting Bitcoin, but also providing optimism for Ethereum. Investors are looking for ways to hedge their losses. Gold and Bitcoin are booming accordingly, hitting new record highs, and silver followed suit just this evening. ETH, as the “digital silver,” is therefore ready to take off.

– Ethereum is planning a major upgrade called Fusaka for December, and a testnet is already in operation. Fusaka is the continuation of the Ethereum Pectra upgrade, which went live belatedly in May. Fusaka will utilize the ETH blockchain’s capacity more efficiently, which will also benefit Layer 2 solutions like Base and Arbitrum. Fusaka is also designed to protect Ethereum from DoS attacks. The Fusaka upgrade on Ethereum is currently scheduled for December 3rd.

Conclusion: Ethereum can hope for a positive final quarter of 2025

Ethereum price predictions for 2025 range from $7,500 according to Standard Chartered Bank to $10,000 according to Tom Lee of Bitmine Immersion – the magic mark of $5,000 would then only be an intermediate step for ETH.

However, it also seems clear that Ethereum will continue to be incapable of surviving without Bitcoin as the driving force of the crypto markets. However, prices above $5,000 would provide Ethereum with a clear horizon for confident momentum.

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(Featured image by DrawKit Illustrations via Unsplash)

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