Ethereum (ETH) is topping talks once again as its Fusaka upgrade goes live and 
the ETH price returns firmly above the $3,200 mark. After weeks of choppy 
trading and lingering fear across the broader crypto market, the combination 
of a major technical overhaul and rising on-chain activity is giving traders a 
fresh narrative to follow. Related Reading: Eric Trump Says Bitcoin Could Hit 
$500,000, Stands By ABTC Strategy In the last 24 hours, ETH has climbed around 
4–5%, outperforming most large-cap cryptos and reclaiming a key psychological 
zone near $3,200. Market data shows rising volumes and a noticeable pickup in 
accumulation from larger holders, even as sentiment indicators still sit in 
“Fear” territory. ETH&#8217;s price trends to the downside, but records some gains 
on the daily chart. Source: ETHUSD on Tradingview Fusaka Upgrade Shifts Focus 
Back to Ethereum’s Scaling Roadmap The Fusaka upgrade, Ethereum’s second major 
network update of 2025, activated at block height 18,200,000. At its core is 
PeerDAS, a data availability sampling system that lets nodes store only slices 
of blob data instead of entire payloads. This change is estimated to expand 
blob throughput by roughly eight times, easing congestion and helping layer-2 
networks push more transactions through Ethereum’s base layer. Developers 
describe Fusaka as another step in Ethereum’s long-term scaling roadmap, 
aligning the main chain with growing layer-2 activity. Beyond PeerDAS, the 
upgrade bundles a series of Ethereum Improvement Proposals that tweak gas 
limits, transaction sizes, cryptographic support, and block configuration, 
aiming to improve efficiency while keeping validator requirements manageable. 
Whales, ETFs and Technical Signals Cluster Around $3,500 On-chain data shows 
“shark” wallets holding between 1,000 and 10,000 ETH have ramped up 
accumulation in recent weeks, buying aggressively on dips around 
$2,700–$3,000. Institutional interest also appears to be rising. BitMine has 
reportedly added more than 18,000 ETH to its treasury ahead of Fusaka, while 
U.S. spot Ethereum ETFs have recorded notable net inflows. Technically, ETH is 
trading around $3,200 with analysts watching resistance between $3,300 and 
$3,500. Short-term models project a move toward roughly $3,537 within days, 
implying upside of about 10% if the current trend holds. However, indicators 
remain mixed. The broader setup is still labelled “bearish,” and any pullback 
could see ETH retesting support around $3,100, $3,000, or even the $2,850 
zone. Related Reading: XRP Price Is Performing As Expected; Analyst Reveals 
What Comes Next For now, the Fusaka upgrade has shifted the conversation back 
to fundamentals, with Ethereum’s price action testing whether renewed 
confidence is enough to carry it through the $3,500 barrier. Cover image from 
ChatGPT, ETHUSD chart from Tradingview

Fusaka Upgrade Reignites Confidence in Ethereum, Analysts Eye $3,500 Target

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