News

On Dec 08, 2025, 15:26 PM(UTC). According to Binance Market Data, Ethereum has dropped below 3,100 USDT and is now trading at 3,094.719971 USDT, with a narrowed narrowed 4.63% increase in 24 hours.

According to BlockBeats, data released by Glassnode on social media indicates that since early November, the Ethereum network's daily total payment fees, based on a 90-day moving average, have fallen below 300 ETH per day. This marks the lowest level since July 2017.

According to Cointelegraph, Ethereum co-founder Vitalik Buterin has proposed the creation of an onchain futures market for gas fees, aiming to provide users with certainty over transaction costs as the network's adoption grows. In a post on X, Buterin emphasized the need for a "good trustless onchain gas futures market," responding to inquiries about the reliability of low gas fees through current price reduction strategies in Ethereum's roadmap. Buterin suggested that one solution to address fee uncertainty is to allow users to lock in prices for specific future periods. He highlighted the potential for a market focused on Ethereum Base fees, which are integral to overall gas fees. In traditional futures markets, contracts are offered to buy or sell assets at a predetermined future price, enabling speculation on price changes and risk hedging. Similarly, an Ethereum gas futures market would offer set prices for future time windows, potentially allowing network users to save on future price spikes. A well-established futures market could serve as a crucial metric for the ecosystem, facilitating speculation, planning, and development. "An onchain gas futures market would help solve this: people would get a clear signal of people’s expectations of future gas fees, and would even be able to hedge against future gas prices, effectively prepaying for any specific quantity of gas in a specific time interval," Buterin stated. Such a prediction market would be invaluable for users with high network volume, including traders, builders, applications, and institutions, who need certainty in projecting operational costs. The proposal comes amid declining Ethereum gas fees throughout 2025. Currently, average gas fees for basic transactions are approximately 0.474 gwei, or $0.01, according to Etherscan data. However, more complex transactions like token swaps, NFT sales, and asset bridging have average costs of around $0.16, $0.27, and $0.05, respectively. Despite the overall decline in Ethereum transaction fees in 2025, average costs have experienced significant fluctuations, with spikes and crashes. Data from Ycharts indicates that the average fee began the year at $1, dropping to $0.30, with surges up to $2.60 and dips as low as $0.18.

On Dec 07, 2025, 17:29 PM(UTC). According to Binance Market Data, Ethereum has crossed the 3,100 USDT benchmark and is now trading at 3,103.199951 USDT, with a narrowed 1.54% increase in 24 hours.

Key TakeawaysETH exchange supply drops to a record-low 8.8%, signaling a potential supply squeezeFusaka upgrade boosts scalability and may attract new developer and user activityWhale leverage positions increase market sensitivity near key Fibonacci support at $3,020 ETH Hovers Around $3,000 as Exchange Supply Hits Decade LowsEther has hovered around $3,000 over the past few days, with 24-hour performance showing a 0.63% rise and a 0.94% weekly gain, despite a negative 9.07% monthly trend. The asset is consolidating near $3,050, unable to push through $3,200 resistance.The standout development is the historic supply contraction. Just 8.8% of ETH now sits on centralized exchanges, levels unseen since 2015, after a 43% decline in reserves since July. Analysts warn that this environment represents Ethereum’s tightest supply conditions ever, with over 43% of ETH locked in staking, DeFi activity, restaking loops, long-term custody, and institutional holdings.Source: GlassnodeThis structural liquidity decline mirrors the conditions that preceded ETH’s 2021 rally, where a supply crunch coincided with +300% upside as buying pressure absorbed thin order books. Fusaka Upgrade Expands Network ScalabilityEthereum’s Fusaka upgrade, activated on December 3, is another tailwind. The introduction of PeerDAS increases data availability by 8x for Layer-2 networks, reducing node storage and transaction costs.Early on-chain data shows rising activity, consistent with patterns observed after past upgrades such as Dencun (2024), which preceded strong bullish momentum as efficiencies improved.A key metric to watch is Layer-2 throughput, with a target of 12,000+ TPS by 2026, a milestone that could redefine Ethereum’s competitive landscape. Whale Leverage Adds Volatility Near Key LevelsWhale activity reveals mixed market sentiment.A large trader opened a 20,000 ETH long at $3,040, with a liquidation threshold near $1,190, signaling aggressive upside conviction. Another whale saw $164,000 in losses on a 7,925 ETH position.Leverage remains elevated, contributing to $295M in liquidations across crypto in 24 hours. This makes $3,036–$3,020 a crucial buffer zone, especially as the 61.8% Fibonacci level sits near $3,020.Analysts warn that dips below this range could trigger cascading leverage unwinds, while stability above it supports a high-confidence bullish structure. Volume Momentum Suggests Hidden StrengthOn-chain observers highlight a bullish signal: the On-Balance Volume (OBV) indicator recently broke above resistance. Despite price rejection, this divergence often signals underlying buying strength.Source: Sykodelic on XOne analyst notes that OBV is “one of the most reliable leading indicators,” adding that current price action looks constructive and may reach higher levels before a deeper pullback. Market Flows: ETFs Soft as Corporations Accumulate ETHSentiment remains divided.Spot Ethereum ETFs posted $75.2M in outflows, continuing a multi-week retreat after $1.4B in outflows in November. Meanwhile, smart money traders on Nansen are net short $21M, adding $2.8M to short positions in the past day.At the same time, corporate accumulation remains strong.BitMine, already the world’s largest corporate ETH holder, added $199M in two days and now controls 3.08% of total ETH supply. The firm has deployed $2.13B over the past month, countering a wider slowdown in digital asset treasury activity. Moving Averages Highlight Compression PhaseEthereum trades near short-term averages, with mixed signals across timeframes:Source: TradingViewETH remains below major mid- and long-term averages such as the EMA100 (3,528.0) and SMA200 (3,540.5), indicating a compression phase rather than directional strength.Such phases often precede significant breakouts once catalysts form. ETH Outlook: Key Levels to Watch This WeekEthereum’s setup blends structural strength with short-term caution:Bullish DriversRecord-low exchange supply tightening liquidityFusaka upgrade scalability gainsRisk FactorsETF outflows and smart money shortsElevated derivatives open interestSensitivity to $3,020 Fibonacci supportA sustained hold above $3,020 keeps the Q1 2026 rally narrative intact, while a loss of this level increases the probability of broader deleveraging.

According to BlockBeats, monitoring by HyperInsight reveals that the Ethereum long positions held by Huang Licheng, also known as 'Machi,' have incurred a floating loss of $164,000. Previously, these positions had experienced a floating profit exceeding $1.6 million. Despite market trends, 'Machi' has continued to increase his long positions. Currently, the position involves a 25x leverage on 7,925 ETH, with an opening price of $3,057.48 and a liquidation price of $2,990.67.

According to Cointelegraph, the amount of Ether (ETH) held on centralized cryptocurrency exchanges has reached an unprecedented low, raising concerns about a potential supply squeeze. Data from Glassnode reveals that ETH exchange balances fell to 8.7% last Thursday, marking the lowest level since the Ethereum network's inception in mid-2015. By Sunday, this figure slightly increased to 8.8%, yet it remains significantly low. Since the beginning of July, the amount of ETH on exchanges has decreased by 43%, coinciding with a surge in digital asset treasury (DAT) purchasing.The macro investment research platform, Milk Road, highlighted that Ether is entering its tightest supply environment ever, a situation not previously observed. In contrast, Bitcoin's presence on exchanges is higher, standing at 14.7%, according to Glassnode. Milk Road further explained that ETH is being absorbed into areas that do not typically sell, such as staking, restaking, layer-2 activities, DATs, collateral loops, and long-term custody. This absorption could lead to a supply squeeze, potentially driving price momentum. Despite current market sentiment feeling heavy, the tightening ETH supply is occurring in the background, and once the gap closes, prices are expected to follow.Analyst Sykodelic noted a breakout in the On-Balance Volume (OBV) indicator, a volume-based momentum tool, above resistance last Friday. Although the price faced rejection, this divergence often signals hidden buying strength that could precede upward movements. Sykodelic emphasized that while indicators do not guarantee outcomes, OBV is considered one of the most reliable leading indicators. Coupled with bullish price action, there is an expectation of a rise before any significant pullback.Ether prices have largely remained above $3,000 over the past five days, though resistance at $3,200 has not been breached. In the last 24 hours, ETH has consolidated around the $3,050 mark. The performance of Ether against Bitcoin also drew attention last week, as the ETH/BTC pair broke above a downtrend line, indicating potential bullish momentum.

According to Foresight News, Lookonchain monitoring has revealed that Tom Lee's BitMine recently purchased 22,676 ETH. This acquisition occurred four hours ago and is valued at approximately $68.67 million.

According to PANews, blockchain analyst Yu Jin has reported that Huang Licheng, known as Maji, has seen his profits from a leveraged Ethereum (ETH) trading strategy largely diminish. Initially, Maji invested $500,000 to go long on ETH starting at $2,840. When ETH prices rose to $3,200 two days ago, his investment grew to $3.34 million. However, the strategy also increased the liquidation price to $3,000. Early today, ETH prices fell below $3,000, resulting in two liquidations. Consequently, the position's value dropped from $3.34 million to $730,000, with profits nearly wiped out. The remaining position is now just $42 away from the liquidation price.

According to PANews, Liquid Capital founder Yi Lihua stated on the X platform that the Ethereum Fusaka upgrade has led to a 15 million-fold increase in the blob base fee. The primary reason for this surge is the introduction of a 'minimum mechanism' for blob fees under EIP-7918. Previously, blob fees had no minimum limit and were often stuck at 1 wei, which is nearly free. This situation resulted in nodes bearing the costs of KZG verification without reasonable compensation. Following the upgrade, blob fees must be at least 1/15.258 of the L1 execution base fee, directly aligning with actual network costs. This design ensures that prices reflect real resource consumption, preventing Layer 2 from using network resources without compensation. It also allows price fluctuations to regulate blob traffic and prevent congestion, while PeerDAS technology enhances blob storage capacity. Additionally, blob fees are now part of the ETH burning mechanism. It is estimated that this could lead to an eightfold increase in ETH burning, potentially contributing 30-50% of the total burn by 2026, depending on the growth of Layer 2 transaction volumes.

According to Foresight News, Ethereum's mainnet gas prices have hit a new low, dropping to 0.025 Gwei. Currently, the transaction fee for a mainnet transfer is only $0.0017. In contrast, most Layer 2 networks have transaction fees that are 3 to 5 times higher than the mainnet, ranging from $0.0055 to $0.0079.

According to Cointelegraph, the Ethereum network experienced a significant drop in validator participation following the Fusaka network upgrade. This decline was attributed to a bug in the Prysm consensus client, which disrupted a portion of the network's voting process. The issue arose when version v7.0.0 of the Prysm client generated outdated states while processing old attestations, as explained by Prysm core developer Terence Tsao. This flaw hindered the proper functioning of nodes, prompting developers to suggest a temporary workaround using the “--disable-last-epoch-targets” flag. Beaconcha.in network data revealed that during epoch 411,448, the network's sync participation was at 75%, with voting participation at 74.7%. This marked a 25% decrease in voting participation, bringing it dangerously close to the threshold required to maintain network finality. However, by the time of writing, the network had largely recovered, with the current epoch (411,712) showing nearly 99% voting participation and 97% sync participation. Before the incident, voting participation typically exceeded 99%. The decline in voting participation corresponded with the proportion of validators using the Prysm client, which was estimated at 22.71% before the incident and dropped to 18% afterward. This suggests that the attestation failure was primarily concentrated among Prysm validators. Despite the recovery, the Ethereum Foundation and Prysm developer organization Offchain Labs had not responded to Cointelegraph’s request for comment at the time of publication. The incident highlighted the potential risks of losing network finality, which occurs if voting participation falls below two-thirds of the total staked Ether (ETH). In such a scenario, while blocks can still be produced, the chain is no longer considered finalized. This could lead to layer-2 bridges freezing, rollups pausing withdrawals, and exchanges increasing block confirmation requirements due to the heightened risk of chain reorganization. A similar incident occurred in May 2023, when the Ethereum mainnet lost finality twice within 24 hours due to bugs in the Prysm and Teku clients. Client diversity remains a concern for Ethereum, as a bug in a single client could potentially halt network finality. Current data from MigaLabs indicates that Lighthouse accounts for 52.55% of consensus nodes, with Prysm at 18%. This represents a shift from before the incident, when Lighthouse was below 48.5% and Prysm around 22.71%. Ethereum educator Anthony Sassano noted that if the bug had affected Lighthouse instead, the network would have lost finalization.

According to PANews, the Ethereum Fusaka upgrade is drawing attention for its engineering-focused improvements, aimed at reducing costs and enhancing efficiency without introducing new paradigms or concepts. Unlike previous upgrades such as the transition from PoW to PoS or the Dencun upgrade, Fusaka focuses on practical optimizations to address specific issues.The upgrade significantly reduces Layer 2 (L2) costs, primarily associated with data availability (DA) expenses for publishing data to Layer 1 (L1). Fusaka achieves this through an eightfold expansion using Blob technology and PeerDAS random sampling verification, cutting L2 costs substantially. While some believe that reducing L2 fees alone is insufficient to boost ecosystem activity, the upgrade's impact on specific application chains could stimulate growth in areas like real-world asset infrastructure and payment ecosystems.Additionally, the normalization of Blob fees and the introduction of a minimum Blob base fee (EIP-7918) aim to reignite expectations for ETH burning. Despite the Dencun upgrade leading to a temporary shift from deflation to mild inflation, Fusaka ensures that ETH continues to burn even when Blob demand is low, potentially returning to pre-Dencun burn levels and reinforcing Ethereum's narrative as a global settlement layer.The upgrade also increases the gas limit to 60 million, enhancing L1 throughput. While Ethereum's TPS improvements may seem modest compared to other blockchains, the shift from a Rollup Centric strategy to a dual-track approach of L1 settlement and L2 execution offers greater flexibility and potential.Furthermore, PeerDAS lowers the validator threshold by 85%, promoting decentralization and addressing concerns about institutional control over Ethereum. This lightweight implementation of Ethereum's sharding concept reduces node burdens, enhances scalability, and removes technical barriers for institutional participation, potentially leading to greater involvement from traditional finance giants like Fidelity and BlackRock.Overall, the Fusaka upgrade positions Ethereum as a more mature, stable, and efficient blockchain, capable of institutional expansion, dual-track development, and capturing micro-deflationary value. The question remains whether this enhanced $ETH is worthy of renewed trust.

According to ChainCatcher, a heated debate has emerged on social media platform X regarding the valuation comparison between Ethereum and Amazon. Santiago, founder of Inversion Capital, argues that Ethereum's valuation is excessively high. He points out that Ethereum's price-to-sales ratio, with a valuation of $380 billion and annual revenue of $1 billion, is significantly higher than Amazon's, even during the internet bubble era when Amazon's ratio never exceeded 28 times. Santiago notes that Ethereum holders pay approximately 146 times more per dollar of revenue compared to Amazon investors at that time. He emphasizes that both companies and networks are priced based on economic benefits such as revenue and cash flow, rather than metrics like TVL, collateral assets, or settlement volume. SharpLink, a treasury company for Ethereum, counters that traditional valuation models are not applicable to Ethereum. They argue that while Amazon is a company, Ethereum is a network. Ethereum is positioned as the target network for the future migration of financial systems, with a potential market size far exceeding Amazon's $380 billion valuation. SharpLink suggests that a better way to assess Ethereum's value is by examining the scale of assets secured by its network. Historically, as more assets have moved on-chain and settled (with TVL growth), Ethereum's price has risen, although not always in perfect synchronization.

On Dec 04, 2025, 19:14 PM(UTC). According to Binance Market Data, Ethereum has dropped below 3,100 USDT and is now trading at 3,087.310059 USDT, with a narrowed 0.99% decrease in 24 hours.

On Dec 04, 2025, 15:39 PM(UTC). According to Binance Market Data, Ethereum has crossed the 3,200 USDT benchmark and is now trading at 3,203.189941 USDT, with a narrowed 4.09% increase in 24 hours.

Key TakeawaysETH pushes back against $3,200, a key resistance levelTreasury demand collapse continues, with DAT purchases down 81% since AugustFalling wedge breakout points toward a potential $4,150 technical target if support holdsImmediate Market Update: ETH Reclaims $3,200ETH now hovers around $3,200, up 17% from its $2,620 local low on Nov. 21. The move helped Ethereum regain the $3,080–$3,200 zone where the 50-week and 100-week SMAs converge. A daily close above this range signals easing selling pressure and reinforces short-term bullish momentum.However, ETH still faces overhead resistance at the 200-period SMA, a level that has capped advances since Oct. 28. This region also aligns with a heavy on-chain cost basis cluster of 5.1 million ETH, according to Glassnode. Market And Industry Context: Treasury Demand WeakensOne of the most notable trends is the collapse in ETH treasury demand. Digital asset treasury (DAT) firms acquired only 370,000 ETH in November, down 81% from the 1.97 million ETH peak in August.Bitwise’s Max Shannon warns that the structural bid for Ether is weakening, noting that shrinking mNAV and limited purchasing power among smaller firms are driving a deeper decline and it is not just a cyclical slowdown.Capriole Investments shows institutional flows turning negative, shifting from a daily buying peak of 121,827 ETH in mid-August to net selling of 5,520 ETH per day now.Despite this broad contraction, a few major players remain active. BitMine, led by strategist Tom Lee, accumulated 679,000 ETH over the past month and is nearly 62% of the way toward its goal of holding 5% of the circulating Ether supply. The firm also retains $882 million in cash reserves for future allocations. On-Chain And Technical Insights: Breakout Targets $4,150Ethereum has broken above the upper boundary of a falling wedge near $3,000, a pattern typically associated with declining selling pressure and a shift toward recovery. A confirmed daily close above this line opens a path toward the wedge target at $4,150, a 36% upside from current levels.ETH also reclaimed the 50% Fibonacci retracement at $3,141 and the 7-day SMA at $3,013, supporting near-term strength. The MACD histogram has flipped positive for the first time since Nov. 22, reinforcing improving momentum.Still, RSI sits near 52, leaving room for consolidation before ETH can challenge higher resistance around $3,413, the 23.6% Fib level.The 20-day EMA at $3,100 remains crucial. A sustained position above this indicator would suggest that selling pressure continues to ease. Outlook: Key Levels To WatchEthereum’s immediate focus is maintaining support above $3,100–$3,200, which would validate the wedge breakout and stabilize confidence. Failure to hold could expose ETH to a retest of $2,847, a critical Fibonacci level.On the upside, clearing resistance toward $3,500, the region aligned with the 50-day SMA, would strengthen the broader recovery structure.Network fundamentals also hinge on the Fusaka upgrade, activated Dec. 3. If the upgrade successfully reduces Layer-2 costs over the coming weeks, it may provide a catalyst for renewed institutional interest and on-chain activity.

According to PANews, Ethereum co-founder Vitalik Buterin has emphasized the significance of PeerDAS within Fusaka, describing it as a form of sharding technology. This innovation allows Ethereum to achieve block consensus without requiring individual nodes to examine extremely small portions of data. Utilizing a client-side probabilistic verification mechanism, it effectively resists 51% attacks without relying on validator voting. Sharding has been a goal for Ethereum since 2015, with data availability sampling becoming a target in 2017, which has now been achieved. However, there are three areas within Fusaka's sharding technology that remain incomplete. Firstly, while Layer 2 networks can handle O(c²) transactions (where c represents node computing power), Layer 1 networks cannot. To benefit Layer 1 scaling, mature zero-knowledge Ethereum virtual machines (ZK-EVMs) are required. Secondly, there is a proposer/builder bottleneck, as builders currently need to access all data to construct entire blocks, necessitating distributed block construction. Thirdly, there is no sharded memory pool, which is currently needed. Despite these challenges, this represents a significant advancement in blockchain design. Over the next two years, the team plans to refine the PeerDAS mechanism, cautiously expanding its scale while ensuring stability. This will enable Layer 2 network scaling, and once ZK-EVMs mature, it will be used for Layer 1 network gas scaling. Previously, Ethereum's mainnet successfully activated the Fusaka upgrade, significantly enhancing data processing capabilities.

According to BlockBeats, analyst @ali_charts has analyzed Ethereum's cost basis heatmap, identifying significant resistance and support levels. The current resistance for Ethereum is at $3,180, while the support level stands at $2,800. The heatmap indicates that approximately 2.6 million ETH have accumulated around these points, suggesting high holder density in these areas over the past few months.

According to BlockBeats, the Ethereum Foundation announced on social media that there is an issue with the Prysm consensus client on its mainnet. Users utilizing Prysm are advised to reconfigure their CL nodes. Those using other clients are not affected and do not need to take any action.