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ETH Price Reclaims $3,000 Ahead of Ethereum Fusaka Upgrade Next Week
Ethereum's Recent Price Movement and Market Sentiment
- The price of Ethereum has increased by 4%, reaching $3,000.
- This rise is attributed to anticipation of the Fusaka upgrade on December 3.
- Ethereum ETFs have seen renewed inflows, enhancing a positive market outlook.
Analyst Predictions for ETH
- If ETH maintains above $3,000, it could target $3,400, according to analyst Ted Pillows.
- Merlijn The Trader observes Ethereum following a historical "wave structure," suggesting potential further gains.
- Spot Ethereum ETFs recorded significant inflows, with BlackRock contributing over $50 million.
Upcoming Fusaka Upgrade
- The Fusaka hard fork aims to increase Ethereum’s blob space capacity.
- This will aid Layer 2 networks with improved data accessibility.
- A follow-up fundraising phase is set for December 9.
- Past upgrades like Pectra saw a 50% price increase, raising expectations for similar outcomes post-Fusaka.
Subbd Token Presale
- Subbd, a tokenized fan economy platform, has raised $1.37 million in its presale.
- The platform connects fans and influencers using Web3 technologies.
- Payments are processed via the native SUBBD token, offering creators better revenue share than traditional models.