Ethereum's price is showing signs of a potential long-term bottom as it rebounds from a significant low, according to analysts. Historical patterns suggest strong rallies often precede major upgrades, such as the upcoming Fusaka Upgrade in December. Currently, Ethereum is consolidating around $3,200, with resistance levels at $3,500–$3,550. Analysts predict a possible 50%+ price surge if key support levels hold, with potential movement towards $3,800 upon a breakout, or a decline below $3,000 if support fails.