Ethereum Stalls at $3,100 as ‘Shark’ Wallet Begins Accumulating
Jakarta, Pintu News – The price of Ethereum (ETH) rose 5% on December 4, managing to break the $3,200 level again. This increase came as the market responded positively to the upcoming Fusaka upgrade.
Overall, the crypto market has risen by about 2% in the past week, and whales appear to be accumulating more Ethereum-a positive sign for the asset’s prospects. So, how will Ethereum’s price move today?
Ethereum Price Drops 0.46% in 24 Hours
On December 5, 2025, Ethereum was trading at approximately $3,190, or around IDR 53,359,692, after dipping by 0.46% over the past 24 hours. During this time, ETH reached a low of IDR 51,305,201 and a high of IDR 53,796,707.
At the time of writing, Ethereum’s market capitalization is estimated at around IDR 6,381 trillion, while its daily trading volume has dropped by 18% to IDR 430.92 trillion in the past 24 hours.
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Ethereum’s Newest Upgrade, Fusaka, is Now Officially Launched!
Ethereum has released its second major upgrade of the year named Fusaka. This update significantly increases network scalability and lowers transaction fees through a new feature called PeerDAS.
PeerDAS allows validators to process smaller data packets, called data segments, instead of processing large blobs as before. This change makes the Ethereum network more efficient, making transactions faster and more affordable for users.
The Fusaka upgrade brings Ethereum one step closer towards its long-term vision in terms of scalability, while improving the overall performance of the network.
Through this update, Ethereum seeks to make its operations more efficient and provide a more cost-effective experience for both developers and users. The ETH community has welcomed this upgrade, which is considered an important step towards a more robust and sustainable blockchain.
Ethereum Price Surges as Huge Accumulation from “Shark” Wallet
Ethereum price has risen to $3,215 again, driven by strong accumulation of “shark” wallets holding between 1,000 and 10,000 ETH. These wallets play an important role in Ethereum’s price movements throughout 2025. In addition, the Ethereum network also recorded a surge in activity, with 190,000 new wallets added in just one day.
This latest price increase comes amidst a period of heavy accumulation, especially during the November price drop. From mid-November to December, shark wallets accumulated more than 450,000 ETH. This reflects increasing optimism about Ethereum’s future performance.
On the contrary, the market experienced a massive sell-off on October 5-10, where a total of 1.3 million ETH was released to the market.
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With the price trend still showing a rise, market watchers are looking forward to further developments. The growing wallet activity indicates a high level of investor confidence.
Given Ethereum’s tendency to grow over the long term, it’s interesting to see if this positive trend will continue.
Will ETH Price Break $3,500 in the Next Few Days?
ETH price has experienced a 5% surge on December 4, rising to $3,198. This increase confirms that Ethereum is still in a positive trend and is working to cross the resistance level.
In recent days, the price of ETH has continued to rise steadily after touching the support zone around $3,000. Currently, the price movement is in an ascending channel pattern, and the next price target is expected to be in the range of $3,300 to $3,500. The long-term forecast for Ethereum continues to show strong bullish potential.
The Relative Strength Index (RSI) indicator for Ethereum has now risen to 71, indicating that the asset is in an overbought state-usually signaling a potential price correction in the near future.
But on the positive side, the Chaikin Money Flow (CMF) indicator stands at 0.09, indicating that buying pressure is still quite strong. This indicates a positive flow of funds into Ethereum, which could push the price up further.
However, in the event of a correction or retracement, ETH prices could potentially drop back down to test support at $3,000, which has so far proven to be a solid support level.
FAQ
What is Ethereum (ETH)?
Ethereum (ETH) is a blockchain platform that allows developers to build and run decentralized applications (dapps).
What is the Fusaka upgrade on Ethereum?
The Fusaka upgrade is Ethereum’s second major update this year, improving scalability and reducing transaction fees through the new PeerDAS feature.
What is the current price of Ethereum?
Currently, the price of Ethereum (ETH) has reached $3,190 after a slight correction.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Coingape. Ethereum Price Reclaims $3200 as Shark Wallets Accelerate Accumulation. Accessed on December 5, 2025