Ethereum reached another key milestone in its evolution, with its next major upgrade, Fusaka, now live on the blockchain’s final Hoodi testnet. This development paves the way for the mainnet launch of the upgrade, scheduled for December 3, and the community will hope it can send ETH/USD toward $5,000 and beyond.

The upcoming upgrade is expected to deliver substantial improvements in scalability and security across the network. @NethermindEth, one of the most prominent validator clients on Ethereum, announced the successful testnet fork in a post on X, describing it as “another smooth upgrade” and a significant advancement toward the full deployment of Fusaka.

What Will Fusaka Bring to Ethereum?

The Fusaka upgrade is a significant improvement to the Ethereum network, designed to make it cheaper, faster, and more efficient for users. One of the key changes introduced in this upgrade is called PeerDAS. Previously, every node had to download and store all data blobs from Layer-2 networks.

With PeerDAS, each node only needs to download a small sample of that data while still being able to verify the entire picture. This reduces the bandwidth and storage requirements of each node, allowing them to operate more smoothly and increasing network efficiency.

As a result, Layer-2 networks built on Ethereum Ethereum Ethereum 1.59% Ethereum Ethereum ETH Price $1,740.99 1.59% /24h Volume in 24h $6.22B Price 7d Learn more can handle more data, process more transactions, and keep fees lower for users. Other enhancements include enabling more transactions per block, improving smart contract tools, and making it easier for developers to build applications on Ethereum.

For everyday users, this upgrade will result in faster transaction confirmations, lower gas fees (especially during periods of high network usage), and a smoother overall experience when traversing the Ethereum ecosystem.

DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now 

Can Fusaka Send ETH USD to $5,000? Analysts Believe a Post-FOMC Boom is Coming

The Fusaka upgrade could be a springboard for ETH as it attempts to climb back above $5,000. ETH had a sharp correction yesterday but bounced back from the $3,900- $3,950 support zone and is back above $4,000, barely.

Traders selling Ethereum are likely due to investors de-risking ahead of today’s FOMC meeting. However, if the Fed cuts rates by 25bps as expected and Powell sounds dovish in his speech, ETH USD could be set for an explosive move back above $5,000 and to new highs.

As long as the $3,800-$4,000 support zone holds, there’s no reason to be bearish on Ethereum right now, as it represents one of the better R:R (risk to reward) ratio plays right now.

ETH USD is still holding its previous highs after breaking out of a massive bullish megaphone pattern, and the recent shakeouts at support are standard practice, especially ahead of significant events like today’s FOMC meeting.

Aside from Ethereum, traders are seemingly eyeing Pepenode (PEPENODE) as the best new presale to buy for a post-FOMC world and as we head into November.

ETH USD looks set for a big move following Fusaka mainnet upgrade while Pepenode (PEPENODE) is quickly becoming the best new presale in Q4

(SOURCE: TradingView)

BONUS: Pepenode (PEPENODE) Closes in on $2M in Funding – Is This the Best New Presale to Buy Right Now?

Savvy investors are always on the lookout for the next big crypto presale, as these presales have historically delivered some of the biggest gains in the space. It seems as though Pepenode (PEPENODE) has been earmarked as the best new presale to buy, having raised nearly $2M since going live just a few weeks ago.

While today’s Fusaka upgrade news for Ethereum is dominating headlines, Pepenode (PEPENODE) is doing its part, taking the memecoin sector by storm with its gamified virtual mining setup. It allows presale investors to earn rewards by setting up virtual mining rigs.

Traders can invest in one of the most highly anticipated memecoin presales of 2025. The Pepenode team is also introducing engaging ways to increase earnings through its virtual mining platform.

Marketed as a “Mine-to-Earn” memecoin, Pepenode lets users build their own virtual meme-coin mining rigs. Users can purchase nodes to enhance their rig’s capabilities, build out their server rooms, and even combine nodes for significant bonuses. Furthermore, you can upgrade your facility to optimize your mining potential.

Top miners will be rewarded with various memecoins, including MEMENODE, FARTCOIN, PEPE, and others. Additionally, the Pepenode presale features a built-in staking protocol, offering an impressive annual percentage yield (APY) of over 650% for those looking to maximize their returns with this innovative ICO.

The combination of mining, staking, and progressive funding rounds positions PEPENODE as one of the most talked-about and rewarding presales of 2025, with many analysts already predicting that it will surpass $10m in funding.

At this stage of the presale, the PEPENODE token is currently worth $0.0011227. Just under three hours remain until the price is locked in and gains are secured for anyone invested here or in prior rounds.

Visit PEPENODE Here

EXPLORE: Best Meme Coin ICOs to Invest in 2026

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Alex Ioannou
Alex Ioannou
On-Chain Journalist

Alex is a seasoned cryptocurrency trader and market analyst with over seven years of active experience in the digital asset space. Since entering the markets in 2017, Alex has specialized in identifying emerging "meta" trends and high-volatility narratives. Notably, Alex... Read More

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