Overview
- ETH pulled back from a $4,252 high, dropped under the 100-hour simple moving average, and broke an hourly bullish trend line near $4,100.
- Short‑term indicators weakened, with the hourly MACD deepening in the bearish zone and the RSI falling below 50.
- Traders identify $3,920 as critical support, with clean breaks risking moves toward $3,880, $3,840, and $3,780.
- Fusaka completed its third and final test on Hoodi on Oct. 28 after Holesky and Sepolia, introducing PeerDAS to cut validator bandwidth and layer‑2 costs.
- Core teams point to a mainnet window at least 30 days after the final test, with Dec. 3 discussed by developers as a potential target, while spot ETH ETFs logged about $246 million in net inflows on Oct. 28.