Ethereum’s Fusaka Upgrade: Will It Make $3,500 Happen? 🚀💸

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Ethereum (ETH) is once again the star of the crypto show, thanks to its Fusaka upgrade, which has people whispering about $3,500 like it’s a secret password to a VIP lounge. After weeks of crypto market chaos-where even the most optimistic traders were questioning their life choices-the upgrade arrived like a well-timed espresso shot. 🌮

In the last 24 hours, ETH has climbed around 4-5%, outperforming most large-cap cryptos and reclaiming a key psychological zone near $3,200. Market data shows rising volumes and a noticeable pickup in accumulation from larger holders, even as sentiment indicators still sit in “Fear” territory. Because nothing says “confidence” like a 10% drop in your portfolio. 😂

Fusaka Upgrade Shifts Focus Back to Ethereum’s Scaling Roadmap

The Fusaka upgrade, Ethereum’s second major network update of 2025, activated at block height 18,200,000. At its core is PeerDAS, a data availability sampling system that lets nodes store only slices of blob data instead of entire payloads. Because who needs full data when you can have “slices”? 🍕

This change is estimated to expand blob throughput by roughly eight times, easing congestion and helping layer-2 networks push more transactions through Ethereum’s base layer. Because nothing says “scalability” like a 800% increase in data handling. 📈

Developers describe Fusaka as another step in Ethereum’s long-term scaling roadmap, aligning the main chain with growing layer-2 activity. Because nothing says “long-term” like a blockchain that’s still figuring out how to handle 10,000 transactions per second. 🤯

Beyond PeerDAS, the upgrade bundles a series of Ethereum Improvement Proposals that tweak gas limits, transaction sizes, cryptographic support, and block configuration, aiming to improve efficiency while keeping validator requirements manageable. Because who doesn’t want to validate blocks with less effort? 🧠

Whales, ETFs and Technical Signals Cluster Around $3,500

On-chain data shows “shark” wallets holding between 1,000 and 10,000 ETH have ramped up accumulation in recent weeks, buying aggressively on dips around $2,700-$3,000. Because nothing says “I’m a whale” like buying low and hoping for a miracle. 🐟

Institutional interest also appears to be rising. BitMine has reportedly added more than 18,000 ETH to its treasury ahead of Fusaka, while U.S. spot Ethereum ETFs have recorded notable net inflows. Because nothing says “trust” like institutional investors buying into a market that’s basically a rollercoaster. 🎢

Technically, ETH is trading around $3,200 with analysts watching resistance between $3,300 and $3,500. Short-term models project a move toward roughly $3,537 within days, implying upside of about 10% if the current trend holds. Because nothing says “optimism” like a 10% increase in a market that’s still a gamble. 🎲

However, indicators remain mixed. The broader setup is still labelled “bearish,” and any pullback could see ETH retesting support around $3,100, $3,000, or even the $2,850 zone. Because nothing says “reassurance” like a potential 15% drop. 😬

For now, the Fusaka upgrade has shifted the conversation back to fundamentals, with Ethereum’s price action testing whether renewed confidence is enough to carry it through the $3,500 barrier. Or, as we like to call it, “the crypto version of a high-stakes poker game.” 🃏

Cover image from ChatGPT, ETHUSD chart from Tradingview

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2025-12-05 02:10