Ethereum Rallies 5.7% Above $3,200 as Fusaka Upgrade Promises 8x Data Throughput
Ethereum has gone up about 5.7% in the last 24 hours, crossing the important $3,200 mark. This is because the network's second significant
Quick overview
- Ethereum has surged approximately 5.7% in the last 24 hours, surpassing the $3,200 mark due to the launch of the Fusaka upgrade.
- The Fusaka upgrade introduces PeerDAS technology, significantly reducing transaction latency and increasing data throughput for the Ethereum network.
- Despite the positive outlook, Ethereum faces resistance at $3,250 and a decline in corporate treasury demand poses a challenge to its momentum.
- Analysts remain optimistic about Ethereum's potential for growth, with a target price of $4,150 if key support levels hold.
Ethereum ETH/USD has gone up about 5.7% in the last 24 hours, crossing the important $3,200 mark. This is because the network’s second significant upgrade of 2025, Fusaka, is now live on the mainnet. The upgrade, which went live on Wednesday at 9:49 PM UTC at Epoch 411392, adds peer data availability sampling (PeerDAS) technology. This technology is said to change the way transactions are processed and cut costs by a large amount across the Ethereum ecosystem.
Ethereum Fusaka Upgrade’s Breakthrough: From Minutes to Milliseconds
PeerDAS is the main part of the Fusaka update. It is a smart scaling solution that breaks up big data blobs into smaller, easier-to-manage cells. According to the Ethereum Foundation, this new architecture lets network nodes download and process a lot less data. This makes transaction latency drop from minutes to milliseconds, which is what they call the foundation for “instant-feel user experiences.”
The effect is significantly stronger for rollups and layer-2 networks. The Ethereum Foundation says that PeerDAS will increase data throughput by up to eight times, making it much easier for various scaling solutions to work with the Ethereum mainnet. The upshot is much lower blob fees, more room for growth, and cheaper charges for end users, all while keeping the network decentralized.
The update has many market experts very hopeful. Trader MerlijnTrader, who has more than 404,000 followers, compared the current upgrade to Ethereum’s last one, which caused a 58% price increase. “Pectra caused a move of +58%. Fusaka is made to launch harder. The price is behind the fundamentals. “But not for long,” he wrote to his followers.
Bitcoin veteran @LLuciano_BTC agreed with this positive view, telling his 2 million followers that “Fusaka feels even bigger, the kind of catalyst that sparks real upside,” and complimenting Ethereum for showing “how far scaling can go while staying true to its design.”
ETH/USD Technical Analysis: Critical Resistance at $3,250 Guards Path to $4,150
Even though people are excited about Fusaka, ETH has a lot of technical problems to solve before it can rebound. The cryptocurrency is currently challenging important resistance at $3,250. After a recent climb from $2,718 to $3,239, the price has stayed above the 23.6% Fibonacci retracement level.
Ethereum is trading far over $3,150 and the 100-hourly Simple Moving Average. A positive trend line at $3,120 is keeping the price higher. But in order to cement the rising trend, it is still important to break past the $3,250-$3,265 resistance zone.
If bulls can get beyond this barrier, the next big resistance levels are $3,320 and then $3,450. If ETH breaks above $3,450, it might quickly move into $3,500-$3,540. The daily chart shows an even bigger goal: Ethereum just broke over the top trendline of a falling wedge formation at $3,000. The pattern’s measured advance points to $4,150, which would be a possible 36% gain from where it is now.
The 50-week and 100-week Simple Moving Averages are coming together around $3,080, which is an important support zone. Michael van de Poppe, the founder of MN Capital, stressed how important it is to retain this level. He said, “The $3,000–$3,100 range is still a key resistance zone to break through,” which is the same level that has been holding back price activity since late October.
ETH Treasury Demand Collapse Threatens Momentum
The massive 80% drop in corporate treasury demand is a major obstacle to Ethereum’s comeback. Bitwise says that digital asset treasury businesses bought only 370,000 ETH in November, which is a big drop from the 1.97 million ETH they bought in August. Capriole Investments said that daily institutional buying, which includes both treasury firms and ETFs, has gone from a peak of 121,827 ETH on August 15 to net selling of 5,520 ETH per day.
Max Shannon, a senior research associate at Bitwise, said, “The structural bid for Ether will disappear if treasury buying continues to decline while supply stays the same.” He also said, “As more alternatives come up, the same pool of capital cannot sustain demand.”
Ethereum Price Prediction: Bullish Structure Intact If Support Holds
The technical picture is still good as long as important support levels hold. The hourly MACD is moving up in positive territory, while the RSI has gone above the neutral 50 level. Both of these indications show that buyers are still in charge.
The first level of support on the downside is $3,160, and the trend line at $3,120 is the main level of support. If this level breaks, selling could start at $3,050, and losses could go as low as $2,980 and the 50% Fibonacci retracement around $2,920.
If Ethereum can break and maintain above $3,250-$3,265, though, the way opens up to the falling wedge goal of $4,150. This is in line with what many analysts think: ETH is still very undervalued at its current levels. The promise of better scalability and almost immediate transactions in the Fusaka update is a key factor that could overcome short-term technical opposition and treasury demand worries. This could lead to the next big rise in Ethereum’s price.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Save