Ethereum has successfully implemented the Fusaka upgrade on its mainnet, marking a significant milestone as the second major enhancement for the network in 2025. Following the activation of PeerDAS, the price of ETH has surged beyond the critical resistance level of $3,200, prompting traders to assess whether this upward trend can maintain its momentum and potentially extend further.
The Fusaka upgrade was confirmed on December 3 at 22:04 UTC, introducing groundbreaking PeerDAS technology. This advancement enables up to 8x data throughput for rollups, increases the gas limit from 45 million to 60 million units, and incorporates R1 curve support, enhancing the overall user experience. As it stands, the Ethereum network processes between 1.3 and 1.8 million transactions daily and boasts over $73 billion in value locked in DeFi applications.
The relevance of the Fusaka upgrade is even more pronounced for Layer 2 solutions and rollups. The PeerDAS functionality expands available space for blobs and sets the stage for gradual capacity increases in forthcoming forks aimed specifically at data. The clear objective is to keep transaction fees low on networks such as Arbitrum, Base, or Optimism, even as demand rises.
Ethereum community members are expected to closely monitor the network for any potential issues in the upcoming 24 hours following the upgrade”s activation. The official Ethereum account tweeted about the upgrade, noting the enhancements in data throughput and user experience, as well as the preparations for scaling the Layer 1 network.
As of the latest updates, ETH is trading at $3,231, reflecting a 7.38% increase over the past 24 hours. The price has successfully broken through the $3,154 to $3,200 supply cluster, which was previously regarded as a robust resistance zone. This price movement is being interpreted by traders as a bullish indicator.
Market patterns reminiscent of the pre-Pectra phase in May 2025 are emerging, where Ethereum recorded a remarkable 56% surge within a week post-upgrade. Technical analysis reveals a classic bullish divergence: while the price established a lower low between November 4 and December 1, the Relative Strength Index (RSI) indicated a higher low, suggesting a decline in selling pressure.
On-chain metrics further bolster the optimistic outlook, showcasing an increase in addresses holding at least $1 million in ETH, rising from 13,322 to 13,945. This represents approximately $623 million in accumulation by significant holders.
With the $3,200 resistance now breached, traders are eyeing a target of $3,653. Should the bullish rally extend by 56% from the Pectra upgrade, a price movement toward $4,262 could become a reality. The pressure is mounting.
On the flip side, the $3,200 level has transformed into the initial support that needs to be upheld. A decline below $2,996 would compromise the bullish structure, potentially revealing support levels at $2,873 and $2,618.
For now, maintaining a position above $3,200 will be crucial to determine if Fusaka signifies the onset of a new bullish phase for Ethereum.
