Ethereum Nears Yearly Low in Bearish Trend: Can Fusaka Upgrade Spark a Rebound?

Ethereum is sliding deeper into a bearish phase after losing several key technical levels, leaving traders focused on whether the network’s next major upgrade can restore confidence. ETH has broken below the 78.6% Fibonacci retracement near $2,974 and fallen well under its 200-day simple moving average around $3,505, underscoring the strength of the current downtrend.

Outset PR, a crypto-native firm that blends data analysis with communication strategy, powers this piece. With a sharp eye on trends and timing, Outset PR helps blockchain projects convert critical moments into enduring visibility.

Technical picture: oversold, but no reversal yet

Source: coinmarketcap

ETH’s RSI-14 sits near 30, signaling oversold conditions, but chart watchers note the absence of bullish divergence — meaning momentum has weakened, yet buyers haven’t shown enough force to suggest a durable bottom. With price below major trend markers, systematic and technically driven traders are largely on the sidelines until ETH can reclaim lost ground.

The next major downside checkpoint is $2,626, Ethereum’s yearly low and the nearest meaningful support. As long as ETH remains below $2,974, the path of least resistance stays lower, and any rebound risks being treated as a relief move rather than a trend change.

Fusaka upgrade: a structural catalyst markets may be ignoring

Attention is now shifting toward Fusaka, Ethereum’s next hard fork scheduled for Q4 2025, with mainnet activation targeted for December 3.  

Fusaka bundles the Fulu (consensus layer) and Osaka (execution layer) upgrades and is designed to push Ethereum’s scaling roadmap forward through higher blob throughput and PeerDAS, a major data-availability improvement aimed at making Layer-2 posting cheaper and more efficient. 

Bitwise CIO Matt Hougan has called Fusaka an “underappreciated catalyst,” arguing that L2 fee reforms could dramatically expand Ethereum’s blockchain revenue once live. The market, however, appears reluctant to price in that upside ahead of implementation. 

Recent price action suggests investors remain unconvinced that near-term fundamentals — including weak activity, cautious institutional positioning, and lower fee capture — will improve quickly enough to halt the decline.

Outset PR Helps Web3 Projects Stay Visible When Markets Turn Risk-Off

When price action is this fragile, perception can move as quickly as liquidity. Projects tied to Ethereum’s ecosystem — from DeFi protocols to Layer-2 networks — often need to communicate progress and resilience without burning through budgets at the worst possible moment. Outset PR positions itself around this problem: how to stay visible and credible in down markets with spend that’s tied to measurable reach.

Instead of pursuing volume placements with uncertain payoff, Outset PR uses Syndication Map, a proprietary analytics tool that shows which outlets are most likely to deliver meaningful traffic and syndication lift. That allows campaigns to be built around impact, not noise.  

The result is leaner campaigns with higher signal. By focusing on high-discovery surfaces, Outset PR cuts low-impact spend and increases the chance that a story travels further through republishing. The agency’s Media Relations team, led by Anastasia Anisimova, leans heavily on long-term editorial relationships to keep placement quality high even when markets are risk-off.

That syndication effect can multiply reach well beyond the original buy. In a recent StealthEX campaign, tier-1 pitching produced 92 republications across major aggregators and platforms including CoinMarketCap, Binance Square, and Yahoo Finance, generating an estimated 3 billion total outreach. In volatile conditions like the current ETH downturn, that kind of efficiency matters: narrative pressure eases when visibility is broad, consistent, and backed by metrics.

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ETH Price Outlook

Ethereum’s weakness reflects a mix of technical breakdowns, institutional de-risking, and delayed optimism around December’s upgrade. While oversold conditions could spark intermittent bounces, traders say stabilization depends on two things:

• Reclaiming $2,974–$3,000 to pull technical buyers back in

• Improving sentiment and ETF flow stability, reducing forced selling pressure

Until then, ETH remains vulnerable to retesting $2,626, with the market treating Fusaka more as a long-term structural tailwind than an immediate rescue line.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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