The post Ethereum Drops Below $4,000 as Fed Signals End to Rate Cuts, Fusaka Upgrade Testing Continues appeared on BitcoinEthereumNews.com.

Caroline Bishop
Nov 01, 2025 11:59

ETH price trades at $3,876.42 after falling 2.2% following Federal Reserve Chair Powell’s indication that the latest rate cut may be the last of 2025, while Fusaka upgrade enters final testing p…

Quick Take • ETH trading at $3,876.42 (up 0.06% in 24h) • Federal Reserve signals end to rate cuts, pressuring crypto markets • ETH price testing support near $3,800 level after breaking below $4,000 • Bitcoin correlation remains strong as both assets react to macro headwinds Market Events Driving Ethereum Price Movement The primary catalyst driving Ethereum’s recent price action has been Federal Reserve Chair Jerome Powell’s statement suggesting the latest rate cut may be the last of 2025. This dovish pivot sparked a 2.2% decline in ETH price, pushing it below the psychologically important $4,000 level to around $3,900 earlier this week. The crypto market’s sensitivity to interest rate policy continues to demonstrate the sector’s correlation with traditional risk assets. In contrast to the macro headwinds, Ethereum’s technical development remains robust. The network’s upcoming Fusaka upgrade has progressed to its final testing phase, completing its second test phase on the Sepolia testnet. A final dry run scheduled for the Hoodi testnet represents the last major milestone before the anticipated mainnet deployment in early December. This upgrade promises improvements to network scalability and transaction cost efficiency, providing a fundamental backdrop for longer-term bullish sentiment despite current price weakness. The absence of other significant news events in recent days has left ETH price primarily responding to these macro and technical development factors, with trading volumes on Binance spot market reaching $1.5 billion in the past 24 hours. ETH Technical Analysis: Consolidation Below Key Resistance Price Action Context Ethereum technical analysis reveals a challenging setup as…

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Filed under: News - @ November 2, 2025 12:26 am