Market Highlights Spend 3,000eth. What To Expect With The Fusaka Update.
ETH exceeded 3,000 USD value, and optimism continues with possible 3% appreciation in 24 hours due to increasing overall market gains. Other cryptocurrencies like BTC are 3% higher and is above 90,000. Increase in value of Solana, Ripple, Dogecoin and Cardano are Alignment and Confidence in industry’s potential, All of which Positive Attitude for Market(MCM).
Fusaka Update on Eth Layer 1 and Layer 2 Updates
Spending 3,000 USD on Eth on Connected Market. The Fusaka update on Ethereum scheduled for 3rd of Dec is going to be the first on chain upgrade with fundamental improvement in both layers of Ethereum.
What is interesting is that PeerDAS will solve the availability problem by partitioning the network into a set of random nodes to reduce the cost of rollup posting and expects to reduce the cost of posting data.
For developers it will reduce the cost of Layer 2 transactions post update which will increase the usage of Ethereum for DeFi (Decentralized Finance), gaming assets and overall it will improve the value of Ethereum.
While significant patterns and network upgrades tend to lead the market to react quickly, the latest price consolidation indicates that market players may be observing more closely, exercising patience on the whole.
Ethereum Spot ETFs See Strong Inflows
Ethereum Spot ETFs have continued to attract investor inflows. ETH Spot ETF inflows amounted to $60.82 million on November 26, marking the net purchase of the Spot ETF for 4 consecutive days. Bitcoin Spot ETFs inflows of $21.12 million were recorded too, though FBTC product by Fidelity saw outflows during the day. XRP Spot ETFs also saw inflows of $21.81 million.
Solana ETFs experienced net outflows of $8.10 million. The movements reflect the changing sentiment of the investors on the major cryptocurrency ETF products, with Ethereum market participants actively focused.
Will Ethereum Price Rally to $3500 Next?
Ethereum is showing $3030USD over balance after recent consolidation and surge vertically aggressively. Analysts expect $3200 + $1000 break and show bullish toward $3300 target. With $3500 complete bullish Ethereum price will complete momentum with full scale recovery.
With $3000 retracement Ethereum lose $3200 bullish support at $2900 and $2700. Ethereum alongside with $2900 support MACD shows ETH bullish momentum while RSI shows ETH consolidation 64 strong/fast.
Conclusion
Ethereum will show momentum around $3000 before upgrade as ETH shows $2900 bullish support as scale recovery will be strong. With upgrades around $3000 balance and strong consolidation. With ETH network enhancements and activity around ETF inflows Ethereum is positioned around $3000 to balance upwards.
