Ethereum’s Fusaka upgrade just went live, and it’s already giving the price a boost. The update kicked in on December 3 at 22:04 UTC, and ETH instantly smashed through the stubborn $3,200 resistance level.
Ethereum is now trading around $3,202, up roughly 7.3% in the past 24 hours, a solid jump, especially after the rough patch the market’s been through.
So what’s Fusaka actually doing? The main thing is PeerDAS technology, which basically unlocks up to 8x more data throughput for rollups. They also raised the gas limit from 45 million to 60 million units and added support for the R1 curve to improve user experience. For layer-2 networks like Arbitrum, Base, and Optimism, this is huge because it’ll help keep fees low even when demand spikes.
What’s really interesting is the pattern we’re seeing now looks a lot like what happened before the Pectra upgrade back in May 2025. After Pectra launched, Ethereum rallied 56% in just seven days. If Fusaka does something similar, we could see ETH hit $3,653 in the short term and potentially even $4,262 if the momentum really picks up.
On-chain data’s backing this up too. Large holders with at least $1 million in ETH increased from 13,322 addresses to 13,945, meaning whales accumulated around $623 million worth recently.
Conclusion
Fusaka’s successful deployment and ETH’s break above $3,200 mirror the pre-Pectra rally setup, suggesting potential for significant upside if historical patterns repeat and the upgrade delivers promised scalability improvements.
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