#ETH走势分析 Friends who stayed up late watching the market yesterday must have witnessed history—the Ethereum Fusaka upgrade went live right on schedule at 5:49 AM Beijing time on December 4. This wasn’t just a minor patch; it was a massive gift package for Layer 2s.

The most obvious change? Data throughput can now reach up to 8 times the previous capacity. What does this mean? Those Rollup projects that used to fight for bandwidth now have a much wider highway. The pressure on nodes to sync data has also decreased, making the whole network run noticeably smoother. The market reacted directly too, with ETH surging as much as 3.5% that day. Although it has since pulled back to fluctuate above $3,200, the technical upside has already opened up.

Here’s another piece of news that might be underestimated—Japan is getting serious. The Financial Services Agency has submitted a proposal directly to the ruling party to slash the crypto gains tax from a staggering 55% to 20%. This tax rate has long been a nightmare for Japanese retail investors, but now it’s finally set to match that of stocks. Startale Labs CEO Sota Watanabe put it bluntly: if this passes within the year, along with the approval of spot ETFs, the Japanese market will basically be fully activated.

Institutions aren’t sitting idle either. BitMine Immersion Technologies has scooped up about 680,000 ETH in the past month, pouring in $2.1 billion. Their goal of "holding 5% of the total network supply" is now more than 60% complete, with $880 million in cash still on hand. Buying like this means either a long-term belief in ETH staking yields, or a strategic bet on the next bull run.

Technical upgrades + policy easing + institutional buying—these three things coming together, isn’t that quite the coincidence?$ETH $BTC $BNB