Megacap cryptocurrencies like Ethereum have been impacted by various macro factors recently, causing price volatility. Despite a dip below $3,700, Ethereum is now trading around $3,850, showing momentum. A key upgrade named Fusaka expected in late November may help push Ethereum back to $4,000 per token.

October, traditionally a strong month for cryptocurrencies, did not play out as expected due to broader risk management moves and shifting macro dynamics. Ethereum investors are watching for the Fusaka upgrade in late November to increase efficiency, scalability, and reduce gas fees, potentially driving the price back to $4,000.

Read more at Yahoo Finance: Ethereum Is on the Move Higher as Investors Eye $4,000 — Can This Token Retake That Level Next Week?