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ethereum fusaka upgrade set for dec 3, get ready for some peerDAS action and that 5x gas limit increase 🚀!
wait so fusaka upgrade is gonna make eth faster and cheaper?? will this pump or dump the price 🤔
yo bro, did u hear about the Fusaka upgrade for ETH on December 3?! 🚀🔥
wait, why is ETH
classic pattern: buy the hype, sell the news 📉.
ETH upgrades fuel excitement, but market sentiment overrides fundamentals.
**Key Takeaways:**
– Fusaka upgrade introduces PeerDAS and 5x block gas limit increase for Ethereum scalability and data throughput improvement. 🚀
– Despite the upgrade, ETH remains bearish, trading below key EMAs with negative momentum.
**Ethereum Upgrades:**
– Ethereum has undergone significant upgrades since launch, including five major ones since 2020 like Merge, Spella, and EIP-1559.
– Fusaka Mainet upgrade launch set for December, following successful testnet deployments.
**Fusaka Upgrade Features:**
– Fusaka includes Peer Data Availability Sampling (PeerDAS) and a block gas limit increase to enhance transaction capacity and data throughput. 💡
– Aims to advance Ethereum’s goal of low-cost scalability and high throughput.
**ETH Market Status:**
– Despite the Fusaka upgrade announcement, Ethereum’s market remains weak with bearish dominance.
– ETH price fell below $3.8K, rebounded to $3,873, and currently trades at $3,842, down 1.72% on the daily charts. 📉
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