18 hour ago
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– Fusaka upgrade boosts Ethereum’s price above $3,200 – ETH climbs 4-5% in last 24 hours – PeerDAS system expands blob throughput by eight times – Institutional interest rises with BitMine adding 18,000 ETH – Analysts project potential 10% increase to $3,537
Ethereum (ETH) has surpassed the $3,200 level following the Fusaka upgrade, marking a major shift in technical infrastructure and increased on-chain activity.
- In the last 24 hours, ETH rose 4–5%, outperforming most large-cap cryptocurrencies.
- The Fusaka upgrade activated at block height 18,200,000, introduces PeerDAS, enhancing data handling and potentially increasing blob throughput eightfold.
- This development aligns with Ethereum's long-term scaling plan and improves efficiency by incorporating several Ethereum Improvement Proposals.
- Accumulation from wallets holding 1,000 to 10,000 ETH has intensified, especially around $2,700–$3,000 range.
- Institutional interest is rising, with BitMine adding over 18,000 ETH to its treasury, and U.S. spot Ethereum ETFs seeing net inflows.
- Resistance levels are observed between $3,300 and $3,500, with projections indicating potential upward movement towards $3,537.
- Despite recent gains, sentiment remains mixed with possible support retests at $3,100, $3,000, or $2,850 if pullbacks occur.
The Fusaka upgrade has brought focus back to Ethereum's fundamentals, testing if renewed confidence can maintain momentum past $3,500.
