Ethereum Surges Towards $5,000 as Institutions Pour In Ahead of Fusion Upgrade
Ethereum is surging this October, with its price nearing $4,500 and an all-time high of nearly $5,000 within reach. Institutional investors are pouring in, attracted by the upcoming Fusion 360 upgrade and positive community sentiment.
The Ethereum community is buzzing with optimism, reflected in an all-time high bullish sentiment of 82 percent. Trading volume has reached $44.3 billion, indicating strong institutional demand. BlackRock's ETHA and Fidelity's FETH led ETF inflows, attracting $177 million and $60.7 million respectively.
The upcoming Fusion 360 upgrade in December 2025 promises significant cost reductions for Layer 2 rollups and improved scalability. Asset manager VanEck has filed for a Lido Staked Ethereum ETF, aiming to offer staking yields of 3–5% yearly. This signals confidence in Ethereum's growth and staking prospects, with VanEck's price target for 2025 around $6,000.
Ethereum's price has risen by over 14 percent in just one week, driven by institutional investment and community confidence. With the Fusion 360 upgrade on the horizon and positive sentiment prevailing, Ethereum's bullish momentum looks set to continue.
