Ethereum price (ETH) holds above $3,000 right before Fusaka

Source: CritpoTendencia Original Title: Ethereum Price (ETH) Holds Above $3,000 Just Before Fusaka Original Link: Cryptocurrency market investors are entering a new phase of optimism, albeit with a cautious stance. Part of this renewed sentiment comes from the Fusaka upgrade on the Ethereum blockchain, which is keeping the price of ETH in the green. Many market participants do not rule out the possibility that the token could extend its winning streak after activation.

This Wednesday, December 3, Fusaka will be activated on the Ethereum mainnet at 21:45 GMT. This is one of the most significant updates in recent months, with improvements aimed at enhancing the network’s efficiency and scalability.

It’s important to note that this hard fork is the second most important Ethereum upgrade in 2025. Fusaka introduces PeerDAS, an improvement that expands data processing capacity and speeds up both the times and costs of rollups. Simply put, it reduces the fees associated with blobs.

All of this translates into a sustained improvement in the network’s overall performance, which could stimulate activity and adoption. On this premise, the upgrade appears as a potential catalyst to boost demand for the ETH token, which could eventually benefit its price.

Is Ethereum’s Price Preparing for a Rally?

Although Fusaka offers highly relevant structural improvements in scalability and efficiency, it is not an immediate driver for market behavior. As with other network upgrades, its effects require time to fully unfold. As developers take advantage of the new capabilities, adoption will gradually grow.

This means that Wednesday’s activation should not be interpreted as an instant bullish signal for ETH. The most significant effects will be seen in the long term and not necessarily within hours. In short, an explosive rally should not be expected right after the upgrade.

If the price manages to remain on the rise in the coming days, it is likely a movement derived from speculative activity ahead of the hard fork. In any case, the coin already shows a solid recovery. The price of Ethereum (ETH) has once again surpassed $3,000 per unit in recent hours.

This rebound leaves behind Monday’s crash, when the token suffered a sharp sell-off. For now, the green numbers remain, and numerous investors are preparing to trade on the momentum generated by the enthusiasm surrounding Fusaka.