Ethereum’s upcoming hard fork and its impact on institutional exposure and price momentum

Ethereum will conduct a Fusaka hard fork in November 2025, introducing 11 EIPs designed to enhance scalability, node resilience and spam defense, including EIP-7594 for peer-to-peer data verification and EIP-7935 that raises the block gas cap to 150 million. This upgrade is based on the efficiency improvements after the Dencun hard fork, reducing Layer2 costs by 90% and driving a 300% surge in transaction volume. Coupled with $33 billion inflows of spot ETFs, a 4.5-5.2% pledge yield and the macro positives brought by the Fed's interest rate cut, Ethereum is expected to be adopted by institutions and is expected to push the price to $8,000 by the end of 2025.