Ethereum (ETH) grabs trader attention again after the Fusaka upgrade hits mainnet. ETH trades near $3,155 while recovering 3% over the past week. Market fear lingers, yet the combination of a major technical improvement, larger treasury inflows, and rising futures demand injects fresh conviction into the narrative.
Fusaka Upgrade Shifts Attention Back to Scaling
The Fusaka upgrade activates at Epoch 411392 and transforms Ethereum’s data structure. Peer Data Availability Sampling (PeerDAS) splits entire rollup blobs into smaller cells. Nodes download less data. Layer-2 networks gain more throughput. The network moves toward instant-feel transactions through based preconfirmations.
Source: X
Developers expect the following:
Faster block processing
Lower blob fees
More efficient rollup execution
Higher throughput for Layer-2 ecosystems
PeerDAS expands the network’s blob capacity by nearly eight times. This increase helps rollups push more transactions and reduces congestion on busy trading days. The upgrade also packages several Ethereum Improvement Proposals that raise gas limits, adjust transaction sizes, and refine block configuration. Every change aligns Ethereum with a long-term scaling roadmap that favors users, developers, and enterprises.
Does this shift create enough momentum for a breakout? Traders lean toward a yes. MerlijnTrader points toward Ethereum’s 58% rally after the earlier Pectra upgrade and suggests an even bigger move sits on the table.
Institutional Activity Ramps Up Despite Volatility
Institutional players also react. BitMine, the largest Ethereum treasury company, buys $150 million in ETH this week alone. The firm holds above 3% of the circulating supply and targets 5%. BitMine continued to buy ETH even during November’s correction. The company bought 96,798 ETH during the month and raised its exposure through BitGo and Kraken.
Tom Lee from BitMine projects a move toward $7,000–$9,000 by January 2026. He says the Fusaka upgrade and the end of quantitative tightening give Ethereum strong macro fuel.
ETF flows look mixed. Spot ETH ETFs show a $41.5 million outflow on 4th December, yet BlackRock allocates $28.4 million into Ethereum on the same day. Those numbers show a tug-of-war between short-term profit takers and long-term institutions.
Whales Accumulate as Futures Shift Toward Buyers
Whale wallets holding 1,000 –10,000 ETH continue to buy dips. These wallets absorbed large quantities, ranging from $2,700 to $3,000. Futures sentiment also turns positive with the taker buy ratio jumping to 0.998, the highest level in four months. A push above 1.0 usually signals a trend reversal. Traders then aim for $3,500 to $4,000.
Source: X
Short-term resistance sits between $3,300 and $3,500, while support holds near $3,100, $3,000, and $2,850. The big question: Does ETH have enough strength to break its descending trendline? A breakout flips the entire structure into bullish acceleration.
Technical Snapshot
Trend sits inside a long descending channel
Bulls protect support at $2,700
A breakout above the trendline unlocks rapid upside
Resistance: $3,500, $3,850
Support: $2,700, $2,150
Source: X
ETH now trades in an important zone. A clear push through $3,300 sparks renewed momentum. A failure risks another slide toward $3,000.
| Month (2025) | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2025 (Yearly) | $2,400 | $3,200 | $4,200 |
| December 2025 | $2,700–$2,800 | $3,150 | $3,500–$3,900 |
If ETH breaks the trendline before Fusaka launches, the market may price in a stronger recovery into early 2026. If sellers reject the push again, the price could likely revisit the 2,850 support zone before any new attempt.
