The Fusaka upgrade of Ethereum was officially completed last night. This is an important upgrade following Dencun, with the main goal of further reducing L2 transaction fees, expanding Rollup capacity, and increasing the capacity of data blocks by 8 times.

However, the reality is that, currently, Ethereum and the L2 ecosystem appear to be somewhat lacking in application heat compared to BNB Chain or Solana, particularly in terms of 'games'. The number of L2 transactions has decreased from a peak of approximately 24 million to around 17 million, and the funds that drove Ethereum's rise from April to August (DAT) are now showing signs of differentiation.

Looking back at the last Dencun upgrade, Ethereum's price actually fell from $4000 to $2200, and the entire L2 ecosystem was also affected. Will this Fusaka upgrade replay the scenario of 'upgrades leading to peaks'? What do the brothers think?

(This article is for technical analysis and market observation only and does not constitute investment advice)