Since its launch, Ethereum has experienced a number of upgrades aimed at enhancing security, scalability, and sustainability. Since 2020, Ethereum has experienced five major upgrades in its transition to proof-of-stake, including the Merge, Shapella, and EIP-1559. In a recent update, network developers are concentrating on the Fusaka Mainnet upgrade. In a significant update, Ethereum developers have announced that December will see the mainnet launch of the Fusaka upgrade. On October 30th, Fusaka’s successful performance on the Hoodi testnet on October 28th. In early October, the highly awaited Fusaka upgrade was successfully implemented on the Holesky and Sepolia testnets. Each rollout was carefully monitored to assess validator stability, synchronization, and overall performance, paving the way for a full mainnet launch.
Following its launch, Fusaka is poised to introduce a collection of twelve Ethereum Improvement Proposals aimed at enhancing the network’s efficiency, speed, and security. This marks Ethereum’s most significant enhancement since the Pectra update in May 2025, setting the stage for the upcoming phase of layer-2 integration. The Fusaka upgrade clearly brings a variety of new features that set it apart from previous versions. Firstly, the central feature is Peer Data Availability Sampling, which allows validators to access and verify data effectively. PeerDAS was set for a Pectra upgrade; however, the timeline has been delayed to allow for further testing. Fusaka has achieved a significant milestone with the block gas limit increasing from 30 million to 150 million units. This improvement aims to increase Ethereum’s transaction capacity and significantly enhance the throughput of blob data.
The core development team is hopeful that these upgrades will drive Ethereum closer to its primary goal of attaining affordable scalability and enhanced throughput. Interestingly, despite the announcement of the much-anticipated upgrade, Ethereum’s market structure continues to exhibit signs of weakness, with bears firmly in control. After breaking through the $3.8k support level, ETH fell to a low of $3.6k, then bounced back to hit a high of $3873. As of the latest update, Ethereum was priced at $3842, showing a decrease of 1.72% on the daily charts. This decline has been notably influenced by heightened selling activity. Data shows that Ethereum Exchange Netflow has remained positive for the past two days. Usually, heightened selling activity creates considerable downward pressure, often suggesting a potential drop in prices.
Consequently, the altcoin fell below its short-term exponential moving averages. Simultaneously, its Sequential Pattern Strength fell to -9.33, suggesting the emergence of a pattern marked by a series of consistently lower highs. The current market conditions indicate that the upward momentum might be losing strength, hinting at a potential short-term downturn. As a result, if the existing circumstances persist, ETH is likely to exceed $3.8k and secure support at the 200 EMA around $3601. Conversely, if the recent drop presents a chance to buy, optimistic traders will focus on the 50 and 100 EMAs at $3988 and $4089, respectively.