Ethereum (ETH) is maintaining a price of $3,000 with a Market Value to Realized Value (MVRV) ratio of 1.27, reflecting a neutral market sentiment. The cryptocurrency has declined 26% from its Q4 peak, recently dipping below the $3,000 support level for the first time since July. Despite this, the MVRV ratio suggests the market is not overheated, with the price standing 27% above the realized price. The upcoming Fusaka upgrade, scheduled for December 3, is anticipated to potentially trigger a bullish reversal. This upgrade coincides with increased staking activity and a rise in Ethereum's block gas limit to 60 million. Notably, investors such as the Royal Government of Bhutan and VanEck have increased their staking positions, indicating growing long-term confidence in Ethereum's prospects.