Ethereum price has broken above the $3,000 mark following the launch of its Fusaka upgrade on December 3. This upgrade introduces PeerDAS and increases blob capacity, aiming to significantly enhance transaction throughput. While the price has shown positive movement, it must overcome a dense cluster of exponential moving averages (EMAs) to confirm a sustained uptrend.
The Fusaka upgrade establishes the groundwork for reduced rollup transaction fees heading into 2026. The fork introduces PeerDAS, doubles block gas capacity, and creates the technical foundation for two further blob-parameter expansions scheduled for later this month and in January. This upgrade allows validators to verify blob data through sampling rather than downloading full payloads, enabling Ethereum to scale blob throughput by approximately an order of magnitude, according to the network’s technical specifications.
Technical Analysis and Market Sentiment
Technical analysis indicates that ETH recently broke through a descending trendline that had capped price rebounds since late October. The cryptocurrency is currently trading within a broad symmetrical triangle pattern, with key resistance identified at a zone encompassing the 20-day, 50-day, and 200-day exponential moving averages. The Supertrend indicator remains in bearish territory, suggesting potential resistance for price rallies unless this technical trigger is cleared, according to chart data. Support on the lower boundary is defined by a trendline that absorbed multiple tests throughout November.
Derivatives market data reveals an increase in open interest, signaling traders are re-entering leveraged positions in anticipation of further price movement. Short-term technical indicators are showing strength but require confirmation, according to market analysts. Failure to maintain recent consolidation levels could lead to a price decline. Sustained upward momentum depends on defending higher lows on lower timeframes to preserve the breakout structure.
Future Outlook
With the Fusaka upgrade now operational and two blob-parameter forks scheduled for the coming weeks, Ethereum’s technical and economic framework is entering a new phase. Chart patterns suggest that a breakout above the EMA cluster will be necessary before a sustained upward move can commence, according to technical analysis.