Ethereum Price News: ETH Maintains Bearish Structure and Could Head Back to $2,700

Author: Alejandro Arrieche

Published: December 5, 2025

Key Points

• The Fusaka upgrade was successfully deployed, but market sentiment remains negative.
• Significant long liquidations occurred, with over $300 million liquidated in 12 hours.
• ETH could potentially drop by 40% after failing to maintain a double-bottom pattern at $2,750.

Market Overview

Ethereum (ETH) has experienced a 4% decline in the past 24 hours, retesting the critical $3,000 support level. Trading volumes have surged, accounting for 8% of the token's circulating market cap, indicating strong market participation.

Fusaka Upgrade and Market Reaction

This week marked a significant milestone for Ethereum with the successful implementation of the Fusaka upgrade, aimed at reducing transaction fees and enhancing processing speeds through layer-2 solutions like Arbitrum and Base. Despite this positive development, the market has largely ignored the news.

Impact of Economic Data

The U.S. government shutdown delayed the release of crucial economic data, leading to a market adjustment as traders reacted to the latest inflation figures. The PCE price index for September was reported at 2.8%, aligning with expectations, but the month-to-month change of 0.2% was the lowest since May, contributing to market volatility.

Price Action Analysis

Following the PCE report, cryptocurrencies initially surged but quickly reversed, leading to significant liquidations. ETH saw a low of $3,080 before briefly recovering to $3,150, only to face selling pressure that pushed prices down further.

The $3,000 level is currently a critical support point for ETH. If this level is breached, it could lead to further declines, especially with the weekend's low trading volumes potentially exacerbating the situation.

Future Price Predictions

Looking at the daily chart, the failure to break above $3,250 suggests a continuation of the bearish trend. Analysts predict that ETH could target $2,500 in the near term, with a risk of dropping to around $2,000 if negative momentum persists. The Relative Strength Index (RSI) is also indicating potential further declines if it falls below the 14-day moving average.

Conclusion

Overall, Ethereum is facing significant downside risks, with a potential drop of nearly 40% if current bearish trends continue. Traders are advised to monitor the $3,000 support level closely, as its breach could signal a more pronounced downturn.