Analysis: Ethereum price rises after Fusaka activation

Source: CritpoTendencia Original Title: Analysis: Ethereum price rises after Fusaka activation Original Link: The price of ETH is showing solid performance after the success of the Fusaka upgrade, moving 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 incident and most of the crypto market reacted positively.

Fusaka is live on the Ethereum mainnet

– PeerDAS now unlocks 8x data throughput for rollups

– UX improvements thanks to the R1 curve and preconfirmations

– Preparation to scale L1 by increasing the gas limit and more

Community members will continue to monitor for possible 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 occurred around 21:50 UTC this Wednesday. Optimism arises, among other reasons, because the network will be able to receive up to two major upgrades per year, marking a faster development phase for Ethereum.

Additionally, by optimizing the performance of layer 2 protocols like Arbitrum, Optimism, and Base, Fusaka will noticeably reduce fees and improve the scalability of the ecosystem.

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 shows a technical recovery after the formation of a bullish inverted head-and-shoulders pattern. Optimism increased after surpassing 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, which marks a previous double top.

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 area, so it is advisable to monitor the mentioned supports in case of a possible correction.

Key data amid the upgrade

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

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

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

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