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.