Mike Smith
2 days ago
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The weekend reminded again how rapidly the mood around ether can change: after Friday's failure to $3720, the coin returned above $3950 by Tuesday morning, regaining most of the lost positions. Eliminated leveraged bets left the market, and the remaining participants got room for more balanced trades.
The main event of the coming hours is the activation of the Fusaka update on the Sepolia network, scheduled for 03:36 UTC on October 14. The update is intended to lighten the load on the virtual machine, optimize data storage, and pave the way for further rollup implementation. The success of the test will pave the way for the code to be moved to the main network as early as Q4, which the community sees as a significant technological step.
The political backdrop, however, remains uncertain: a forced pause in the work of U.S. regulators has frozen applications for spot crypto funds, prolonging the wait for institutional capital. Analysts call this a short-term brake, emphasizing that the structural deficit in ether supply after the commission burn and the growth in validator revenues are not dependent on bureaucratic delays.
The ecosystem's internal calendar is also saturated. Several decentralized autonomous organizations bring contract updates to a vote, and partial token unlocks bring additional liquidity. In parallel, new second-tier solutions are being launched, emphasizing the steady trend towards scaling without compromising basic security.
Macroeconomics can make adjustments: the release of September inflation data in the U.S. may stir up the volatility of all risky assets, including ether, which is sensitive to the movement of debt market yields. More moderate figures will strengthen demand for limited digital assets.
The technical picture looks encouraging, with the daily chart forming a long tail above the $3,700-3750 range where the 50- and 100-day averages converge. If price holds above this zone, analysts expect a test of $4,200 before the end of the month, especially with confirmation of lower commissions after Fusaka. Nevertheless, increased volatility requires strict discipline in risk management.
Market participants are convinced that even the prolonged political pause will not be able to dampen the development activity, and the successful test of Fusaka will become a new reason for the growth of demand for ether. With a favorable combination of technological drivers and moderate macro shocks, the October turbulence risks turning into a launching pad for fresh momentum.
