Ethereum Price Today (December 10, 2025): ETH Holds Above $3,300 in Early U.S. Trading as Fed Cut Bets and Fusaka Upgrade Fuel Rally

Ethereum woke U.S. traders up in bullish mode on Wednesday, December 10, 2025. In early U.S. hours, Ether (ETH) is trading just above $3,300, up roughly 7% over the last 24 hours and extending a powerful rebound that began at the start of December. ^[1]

The move comes as markets price in another Federal Reserve rate cut, digest the recently activated Fusaka network upgrade, and react to a surge in whale and ETF activity around Ethereum.

Ethereum price today: snapshot for early U.S. trading

Spot price: Around $3,300–$3,340 per ETH in early U.S. morning trade, with most major exchanges clustering in that range. ^[2]
24-hour change: About +6.9%, after a jump of more than $200 in the last day alone. ^[3]
Recent daily range: On major USD pairs, ETH has traded roughly between $3,090 and $3,400 over the last 24 hours. ^[4]
Market cap & volume: Ethereum’s market capitalization is hovering around $405 billion, with estimated daily trading volume near $35 billion. ^[5]

Data from technical dashboards such as Investing.com and Coinalyze show ETH/USD around $3,330–$3,340 this morning, with daily technicals flashing a “Strong Buy” signal, supported by bullish moving averages across multiple timeframes. ^[6]

Macro backdrop: Fed rate cut expectations put crypto in “risk-on” mode

The biggest macro driver today is the Federal Open Market Committee (FOMC) meeting. Markets are pricing in roughly 85–90% odds of another 25 basis point rate cut, which would be the Fed’s third cut of 2025 and would bring the federal funds rate down toward the 3.75–4.0% range. ^[7]

That dovish setup has pushed traders back into risk assets:

Analysts at DailyForex note that Ethereum has rallied from about $2,750 on December 1 to highs near $3,396, helped by both the macro environment and the Fusaka upgrade. ^[8]
Coinpedia highlights that ETH jumped around 7% ahead of today’s Fed decision, with CME FedWatch data showing about a 90% probability of a 0.25% cut—classic “risk-on” conditions. ^[9]

Market maker Wintermute describes the broader crypto environment as a “digestion phase” rather than a clear new trend: volatility has cooled after recent sharp liquidations, but flows into Bitcoin and Ethereum remain positive, with leverage relatively low while traders wait for central bank signals. ^[10]

For ETH specifically, the takeaway is simple: if the Fed delivers the expected cut without hawkish surprises, the current rally has room to extend. A surprise pause or tough talk on inflation, by contrast, could quickly knock ETH back below key supports.

Fusaka upgrade: new fundamentals behind Ethereum’s rally

Beyond macro, today’s price action is still riding the aftershocks of Ethereum’s Fusaka upgrade, activated on December 3, 2025.

What Fusaka changes on-chain

Research from AMINA Group and Whale Alert breaks Fusaka down into several key changes: ^[11]

PeerDAS (Peer Data Availability Sampling):
- Allows nodes to verify rollup data without downloading it all, by sampling small pieces distributed across the network.
- This dramatically reduces bandwidth and storage pressure on validators.
Up to 8x higher blob capacity:
- Fusaka increases the amount of “blob” data that can be attached to blocks, which is critical for rollups(Layer-2 chains that post compressed data back to Ethereum).
Lower Layer-2 costs:
- Analysts estimate Layer-2 data fees could fall by ~40–60%, enabling cheaper transactions on rollups. ^[12]
Networking overhaul:
- Cryptonomist notes that Fusaka puts Ethereum’s peer‑to‑peer networking layer at the center of scaling, using PeerDAS to improve data propagation and node stability—something Vitalik Buterin has repeatedly argued was under-prioritized. ^[13]

DailyForex links this upgrade to stronger fundamentals: active Ethereum addresses are up roughly 10% week‑on‑week, stablecoin volume on Ethereum has hit the $6 trillion mark in Q4 (outpacing Visa + Mastercard), and developer participation has surged to about 16,000 new contributors through September. Together, this paints a picture of a network that is scaling and still gaining usage. ^[14]

In other words, today’s price move is not just speculative: it’s happening right after a major throughput and cost‑efficiency upgrade that makes Ethereum more attractive to both DeFi users and institutional rollup operators.

Whale, ETF and exchange flow signals: bullish, but not without warnings

Huge leveraged long from a “Bitcoin OG”

On-chain data tracked by CryptoRank and Bitcoin World shows that a veteran “Bitcoin OG” trader has made a headline‑grabbing move into ETH: ^[15]

Deposited $50 million USDC into decentralized derivatives platform Hyperliquid.
Expanded an existing 5x leveraged long to control roughly 80,000+ ETH.
Entry level: around $3,108 per ETH, with a liquidation level near $1,650.
Unrealized profit is already in the mid‑eight‑figure range.

It’s a powerful vote of confidence in Ethereum’s medium‑term upside, but also a reminder that heavily leveraged positions can accelerate any downside, especially if today’s FOMC outcome disappoints markets.

Spot ETF flows and institutional accumulation

Coinpedia and other trackers highlight a sharp shift in institutional flows toward ETH: ^[16]

Recent spot Ethereum ETFs saw about $178 million in net inflows in a single day, outpacing Bitcoin ETFs (~$151 million).
There is growing speculation that BlackRock’s proposed Ethereum staking ETF could gain approval by late December or early January.
Only about 8.7% of ETH supply reportedly remains on centralized exchanges, the lowest level since 2015, implying a tightening tradable float as more ETH moves into self‑custody and staking.
Institutions have scooped up nearly 4 million ETH over the last five months, including a roughly $435 million purchase by Tom Lee–linked mining firm Bitmine Immersion.

That combination—falling exchange balances plus rising ETF and institutional demand—is exactly the kind of backdrop that historically supports sustained uptrends.

A big Binance inflow flashes caution

Not all flow data is one‑way bullish. The Economic Times reports that on December 5, Ethereum saw a net inflow of 162,084 ETH to Binance, the largest positive netflow since May 2023. ^[17]

Key points from that report:

The transfer occurred when ETH was near $3,020, boosting Binance’s reserves to about 3.88 million ETH.
Large exchange inflows are often interpreted as potential sell‑side pressure or preparation for leveraged trades.
At the same time, overall ETH exchange balances remain near record lows, so analysts see the move as a localized risk event, not a broad capitulation.

Traders should be aware that if the market turns, those extra coins on Binance could help fuel a sharper downside move.

Short-term technical picture: key support and resistance zones for ETH today

Several fresh analyses this morning lay out the levels traders are watching.

Intraday structure and resistance

A widely circulated NewsBTC breakdown (via CryptoRank) notes that: ^[18]

ETH has broken above $3,200 and $3,250 and is holding above its 100‑hour simple moving average.
Price briefly tagged the $3,396 high before consolidating.
Key resistance levels now sit around:
- $3,320
- $3,350
- $3,380 — a pivotal breakout zone
- Above that, targets at $3,420 and then $3,500–$3,550 in the near term.

Economies.com adds that ETH reached a prior upside target near $3,370, then pulled back to cool off overbought readings while still trading above its 50‑period EMA in a short‑term bullish corrective trend. ^[19]

Support zones to watch

On the downside, the same NewsBTC analysis highlights: ^[20]

Initial support around $3,250.
Stronger support near $3,210, where a bullish trendline is forming.
Deeper supports at $3,150, then $3,050, and a psychological floor at $3,000 if sentiment sours.

BeInCrypto’s pattern analysis goes further out on the time frame: ETH is still trading inside an inverse head‑and‑shoulders breakout that points toward $3,710, as long as price holds above about $2,710 on the downside (with complete pattern invalidation below roughly $2,610). ^[21]

Momentum and overbought signals

Technical dashboards this morning show:

Investing.com’s ETH/USD Binance page lists “Strong Buy” on the daily timeframe, with all key moving averages in buy mode and indicators like MACD, RSI and Williams %R skewed bullish. ^[22]
Coinalyze data shows RSI readings in the high 50s to mid‑60s across 1–6 hour charts, with some overbought readings on the Commodity Channel Index at higher timeframes—strong but not yet extreme. ^[23]

Net takeaway: short‑term momentum is firmly bullish, but the cluster of resistance between $3,350 and $3,420, plus early overbought signals, makes this a prime area for consolidation or a brief shake‑out.

Sentiment & narratives: from $3,700 breakout targets to a $5,000 “technical trajectory”

Today’s commentary features a wide spread of short‑ and medium‑term Ethereum price targets.

Near‑term: $3,700–$4,300 if bulls stay in control

$3,710 target: BeInCrypto’s breakout model still points to around $3,710 as a logical next stop if ETH can push through the current resistance band. ^[24]
30% rally to $4,200–$4,300:
- Coinpedia notes that popular trader Captain Faibik sees a 30% upside after ETH finally broke a persistent downward trendline, with a potential move toward the $4,200–$4,300 range if buyers keep control. ^[25]
Year‑end range $3,400–$3,900:
- DailyForex reports that some analysts, factoring in the Fusaka upgrade and expected Fed cuts, see a year‑end ETH band between roughly $3,400 and $3,900, with $3,500 flagged as a critical level that would flip a key “SuperTrend” indicator fully bullish. ^[26]

U.Today’s morning piece goes even further, arguing that with ETH now pressing into the 50‑day EMA after reversing from the $2,700–$2,800 zone and with whales accumulating, the $5,000 region is no longer a fantasy but a plausible technical trajectory—though it emphasizes that the move is not yet confirmed and will likely face heavy selling at each resistance band. ^[27]

Long‑term: can ETH hit $10,000 by 2030?

For longer‑horizon investors, a Bitcoin World analysis published today lays out a framework for ETH potentially reaching $10,000 by 2030: ^[28]

Base case for 2025: many models cluster around $6,000–$8,500 under favorable conditions (continued DeFi/NFT growth, ETF adoption, and benign regulation).
2030 scenarios: projections in the $8,000–$12,000 band, with $10,000 implying roughly a $1.2 trillion market cap—about 4x past cycle highs.
Core assumptions: successful completion of Ethereum’s roadmap (including future upgrades beyond Fusaka), mass adoption of decentralized applications, and deeper integration with traditional finance.

That piece also stresses that these are optimistic scenarios, not guarantees, and flags familiar risks: regulatory crackdowns, competition from other smart‑contract chains, and potential security vulnerabilities.

What U.S. traders should watch for in today’s session

As New York and Chicago desks come fully online, here are the key themes likely to drive ETH price action through the U.S. day:

Fed tone vs. expectations
- A 25 bps cut with dovish language (acknowledging cooling inflation and leaving the door open to more easing) would likely keep the ETH bull case intact.
- A “hawkish cut” or surprise hold could spark a risk‑off wobble, with ETH vulnerable back toward $3,210–$3,250.
Whether ETH can clear the $3,350–$3,380 band
- A decisive break and close above $3,380 opens the path toward $3,420, then $3,500+. ^[29]
- Rejection here, especially on high volume, would reinforce the idea that today is more about consolidation than breakout.
Whale and ETF flows after the Binance inflow headline
- Additional large exchange deposits similar to the 162k ETH Binance spike on Dec. 5 would raise short‑term downside risks. ^[30]
- Continued spot ETF inflows and on‑chain accumulation, by contrast, would support the idea that sell pressure is being steadily absorbed. ^[31]
Leverage and derivatives positioning
- The huge Hyperliquid long position shows that speculative leverage is creeping back in, which can amplify both breakouts and breakdowns. ^[32]
- Wintermute’s note that leverage is still relatively restrained across majors is comforting, but that can change quickly in a post‑FOMC volatility spike. ^[33]

Risks and practical takeaways

Even with today’s bullish backdrop, traders and investors should keep a few realities in mind:

Crypto remains highly volatile. Multi‑percentage intraday swings are routine around Fed decisions and major network upgrades.
Leverage cuts both ways. The eye‑catching OG whale long showcases conviction—but it also underscores how quickly a sharp pullback can wipe out over‑extended positions. ^[34]
Upgrades introduce new complexity. Fusaka improves scalability and fees, but it also adds new technical moving parts (PeerDAS, higher blob capacity, and multiple EIPs). As always, there is some implementation and centralization risk to monitor as the system beds in. ^[35]

For now, Ethereum price today in early U.S. trading is clearly tilted in favor of the bulls: ETH is back above $3,300, technicals are glowing green, macro winds are (for the moment) supportive, and on‑chain flows show both institutional accumulation and tightening exchange supply.

Whether that story ends with a clean run toward $3,700–$4,000 into year‑end—or a choppy consolidation back toward the low $3,000s—will depend heavily on what the Fed says next and how traders react over the next 24–48 hours.

This article is for informational purposes only and does not constitute investment, trading, or financial advice. Cryptocurrency markets are highly volatile; never invest more than you can afford to lose.