Ethereum Set to Debut 'Key to Layer-2 Scaling' as Fusaka Upgrade Clears Final Test

💡 DMK Insight

Ethereum’s Fusaka upgrade is just around the corner, and here’s why it matters: With ETH currently at $3,977.38, traders should be gearing up for potential volatility as we approach December 3. This upgrade aims to enhance layer-2 transaction efficiency, which could significantly lower gas fees and attract more users to the network. If successful, we might see increased demand for ETH, pushing prices higher. Keep an eye on the $4,000 psychological level; a breakout above could trigger further buying momentum. But there’s a flip side—if the upgrade faces delays or issues, we could see a sharp pullback. Traders should monitor sentiment closely, especially among institutional players who might react strongly to any news. Watch for changes in trading volume and open interest in ETH futures as indicators of market sentiment leading up to the upgrade. If ETH dips below $3,800, it could signal a bearish trend, so set your alerts accordingly.