Ethereum climbed past the $3,000 level following the activation of the Fusaka upgrade, which introduces PeerDAS and expands blob capacity across the network. Ethereum’s technical documentation states that the update paves the way for reduced rollup transaction fees starting in 2026. Fusaka doubles block gas capacity, deploys PeerDAS for more efficient data sampling, and prepares the network for two additional blob-parameter expansions set for later this month and in January.
The changes allow validators to verify blob data by sampling instead of downloading entire payloads an efficiency shift expected to boost Ethereum’s blob throughput by roughly an order of magnitude.
ETH tests trendline breakout but faces EMA resistance
Technically, ETH recently broke above a descending trendline that had capped rebound attempts since late October. The asset is still moving in a wide triangle shape, where a combination of the 20-day, 50-day, and 200-day exponential moving averages creates a strong barrier.
Even if the Supertrend signal has gone up recently, it is still bearish, which means that rallies may have trouble continuing until that trigger flips. The triangle’s lower border, which was tested many times in November, is still an important support level for the larger breakout formation.
Derivatives are getting more attention again, but we still need to see proof
Data on derivatives reveals that open interest is going up, which means that traders are getting back into leveraged positions as they predict more volatility. Analysts say that short-term signs are getting better, but they still need to be confirmed. If prices don’t stay at their current levels of consolidation, they could drop even more. On the other hand, it’s important to protect higher lows with shorter timeframes to keep the rising trend going. Ethereum is now in a new era of its technical and economic evolution. Fusaka is now active, and more blob-capacity increases are on the way.