Analysis: Ethereum price rises after Fusaka activation

Source: CritpoTendencia Original Title: Analysis: Ethereum price rises after Fusaka activation Original Link: The price of ETH shows solid performance after the successful Fusaka upgrade, moving today from levels below $3,000 to the $3,200 area.

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.

Preparation to scale L1 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 rise?

The bullish sentiment in ETH’s price coincides with the activation of Fusaka, which took place around 21:50 UTC this Wednesday. Optimism is growing, 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 like Arbitrum, Optimism, and Base, Fusaka will notably reduce fees and improve the scalability of the ecosystem.

It’s also noteworthy that the activation of PeerDAS represents a clear step toward comprehensive system scalability and brings Ethereum closer than ever to the arrival of 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

The price of ETH shows a technical recovery after forming a bullish inverse head and shoulders pattern. Optimism increased after breaking through 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 watch the above supports in case of a possible correction.

Key data during the upgrade

Analysts estimate that network fees could drop between 40% and 60%, which would make Ethereum more attractive for developers and users.

Fusaka proposes to raise ETH’s 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 of 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 more than $1.1 billion in weekly inflows, a sign that institutional interest in Bitcoin and Ethereum is gaining strength again.