🔥 $ETH Just Reclaimed $3,000 — and the Fusaka Upgrade Might Be the Most Important Boost Since EIP-4844

Ethereum is heating up again. The price is back above $3,000, and the Fusaka upgrade is the catalyst everyone was waiting for.

The highlight? PeerDAS — a scalability breakthrough that lets validators sample data instead of processing full blobs.

This unlocks:

• massive throughput potential

• cheaper data availability

• the first real step toward Ethereum’s sharding future

This isn’t a small upgrade — it’s Ethereum quietly entering a new performance era.

📊 Market Response: Spot Buyers Bullish, Futures Traders Skeptical

Even with ETH pumping, derivatives traders aren’t convinced (yet):

• Open Interest: flat

• Long/Short Ratio: under 1 → more shorts

• Spot Demand: the real driver of the rally

This is a classic tension:

spot buyers believe in fundamentals, futures traders bet on volatility.

Whichever side wins decides the next leg.

📈 ETH Levels I’m Watching

Resistance to flip: $3,125

Breakout Targets:

→ $3,160

→ $3,240

Support Zone: $2,880–$2,950

RSI: neutral — plenty of room for expansion.

ETH looks ready for continuation… all it needs is follow-through from spot buyers to overpower cautious derivatives traders.

Momentum is building — and the network has never been more prepared for the next phase.

#Ethereum #ETH #FusakaUpgrade #Altcoins #CryptoAnalysis #Write2Earn