Ethereum is once again capturing market attention after its recent update Fusaka, showing clear signs of strength against Bitcoin. With the price holding above $3,100, bulls now have a single target in sight: activate the breakout above $3,200.
Fusaka Strengthens Ethereum's Infrastructure
The recent update directly boosted network performance:
✅ Increased gas limit
✅ More transactions per block
✅ Potential fee reduction
✅ Implementation of PeerDAS to scale data capacity
✅ Improvement in node efficiency
The impact was immediate: ETH rose approximately 4% against BTC after activation, breaking a key resistance that had remained intact for two months.
ETH/BTC Signals Possible Start of Rotation to Altcoins
The ETH/BTC pair is now trying to consolidate above a critical range that has served as a ceiling since November.
A confirmed close above that zone could:
🔹 Validate technical breakout
🔹 Strengthen the altcoin season narrative
🔹 Increase risk appetite across the market
Historically, when ETH strongly outperforms BTC, altcoins do not take long to react.
Whales Are Already Positioned
On-chain data shows a clear signal of confidence:
📈 Wallets with between 1M and 100M ETH increased their holdings from 75.86M to 80.28M ETH since October.
This behavior reflects silent accumulation while the retail market still hesitates.
Derivatives and ETFs Send Mixed Messages
Despite the improvement in the network and on-chain accumulation:
• Open interest in futures remains stable
• Bearish positioning has gradually decreased
• ETH spot ETFs recorded outflows after a brief initial surge
This indicates that, for now, institutional conviction is still not fully aligned with the technical movement.
Key Price Zones
Important resistances: • $3,200
• $3,650 – $3,680
Relevant supports: • $3,000
• $2,716 (recent low)
A clean breakout above $3,200 could trigger a move towards the $3,600+ range.
Technical Indicators
• RSI at 51 → neutral zone, room for expansion
• Positive MACD → bullish momentum still active
• Descending wedge structure → classic bullish breakout pattern
Conclusion
Ethereum has been strengthened after Fusaka, surpassing Bitcoin in the short term and showing clear signs of accumulation by large investors.
However, the real trigger will be a confirmed breakout above $3,200, a level that could redefine its trend for the coming weeks.
If ETH breaks with volume, the market could officially enter a new phase of rotation towards altcoins.
