Analysis: Ethereum price rises after Fusaka activation

Source: CritpoTendencia Original Title: Analysis: Ethereum price rises after Fusaka activation Original Link: ETH price shows strong performance following the successful Fusaka upgrade, climbing today from levels below $3,000 to the $3,200 zone.

At the time of writing, ETH is trading at $3,215, with daily gains of 6.6%, weekly gains of 6%, and monthly losses of 11.7%. The upgrade was completed without issues, and most of the crypto market reacted positively.

Fusaka is now live on the Ethereum mainnet.

• PeerDAS now unlocks 8x data throughput for rollups.
• UX improvements thanks to the R1 curve and pre-confirmations.
• Laying the groundwork for L1 scaling by increasing the gas limit and more.

Community members will continue to monitor for potential issues over the next 24 hours.

Is Fusaka responsible for the current rally?

The bullish sentiment in ETH price coincides with the activation of Fusaka, which took place around 21:50 UTC this Wednesday. Optimism is rising, among other reasons, because the network can now receive up to two major upgrades per year, marking a faster development phase for Ethereum.

Additionally, by optimizing the performance of layer 2 protocols such as Arbitrum, Optimism, and Base, Fusaka will significantly reduce fees and improve the ecosystem’s scalability.

It is also notable that the activation of PeerDAS represents a clear step forward toward comprehensive system scalability and brings Ethereum closer than ever to sharding.

The next step for the network will be the Glamsterdam Hard Fork, scheduled for 2026 and focused on further improving scalability, security, and efficiency.

ETH chart analysis: key levels to watch

ETH price is showing a technical recovery after forming a bullish inverse head and shoulders pattern. Optimism grew after breaking above the key resistance line at $3,000.

Resistance levels to watch:

• $3,200: a key level that has not yet been clearly surpassed.
• $3,350: relevant intermediate resistance.
• $3,564: the strongest resistance, where a previous double top is located.

Relevant supports:

• $3,090: immediate support aligned with the 50 EMA.
• $2,881: intermediate level.
• $2,719: strongest support, corresponding to the December 1 low.

The RSI at 76 points indicates that ETH is approaching the overbought zone, so it’s advisable to keep an eye on the mentioned supports in case of a possible correction.

Key data amid the upgrade

Analysts estimate that network fees could drop by 40% to 60%, making Ethereum more attractive for developers and users.

Fusaka proposes to raise the ETH gas limit from 36 million to 60 million. This change would double the capacity of each block and have a significant impact on transaction speed.

With a 67% share in the DeFi space, Ethereum maintains its absolute leadership in the smart contract sector.

Finally, crypto ETFs have left behind weeks of heavy outflows and are now posting over $1.1 billion in weekly inflows, signaling that institutional interest in Bitcoin and Ethereum is regaining strength.