Saad Ullah
⬤ Ethereum is getting attention ahead of the Fusaka upgrade on December 3. A chart comparison shows that ETH surged 58% after the earlier Pectra upgrade, with the current price sitting near $3,150. The visual highlights both events side by side—showing the strong rally that followed Pectra and leaving an open question mark over what might happen next.
⬤ Fusaka is being positioned as a significant technical upgrade for Ethereum, with improvements focused on Layer 2 scaling, faster transactions, and overall network performance. While ETH has been forming lower highs recently, the upcoming upgrade has traders talking about potential catalysts. The chart captures this uncertainty by marking the previous rally and leaving the new zone undefined.
⬤ The comparison makes it clear: both upgrades follow similar consolidation patterns. The 58% gain after Pectra is labeled on the chart, while the Fusaka window remains open-ended. There's no specific price target, but the focus is on whether the network improvements could trigger a similar response.
⬤ Major Ethereum upgrades tend to shift sentiment around network efficiency and scalability. With ETH near a key price level and the upgrade just weeks away, how the market reacts to improved performance could set the tone for the broader crypto space heading into early December.
Saad Ullah
