$ETH
Price and Market Activity: The price of Ethereum dipped below $4,000 in October, partly influenced by wider market movements including US-China trade tensions and a government shutdown. Today's $2.5 billion options expiry added to market pressure, though a late bounce was observed after an earlier sell-off.
Fusaka Upgrade: Ethereum's next major upgrade, "Fusaka," is in its final testnet phase ahead of its mainnet launch scheduled for December 3, 2025. This upgrade is designed to improve scalability, transaction efficiency, and strengthen support for zero-knowledge rollups.
Network Developments: Several updates have been made to the Ethereum network recently, including Revolut enabling stablecoin swaps, BlackRock depositing a significant amount of ETH to Coinbase, and continued outflows from Ethereum ETFs.