Ethereum

A bug in the Prysm Ethereum client after the Fusaka upgrade caused 25% of validators to go offline, risking network finality. The issue was quickly mitigated.

Ethereum has successfully deployed the long-awaited Fusaka upgrade, a major network enhancement focused on scaling and efficiency. The price of ETH responded immediately, climbing over 4% as the upgrade went live.

Ethereum’s price jumped 9.5% to around $3,050, coinciding with a surge in optimistic derivatives positions. Traders are heavily betting on a further rise to €5,600 ($6,500), with over €326 million in open interest for call options at that strike price, despite the asset’s 35% decline this quarter.

Ethereum is up nearly 9% as the market reacts to the upcoming Fusaka upgrade. Analysts are divided, with some pointing to a critical support level at $2,800, while others warn of high leverage and potential volatility.

Ethereum’s price has fallen below the critical $3,000 support level, risking a further decline towards $2,850. However, the MVRV Z-Score indicator suggests the asset may be undervalued and could be nearing a bottom.

Ethereum’s price has fallen 6% in the past 24 hours, and an expert warns of a potential deeper crash due to a bearish pattern. Analyst Ali Martinez predicts further declines to $2,250, $1,550, or even $1,080.

After four consecutive weeks of outflows, crypto investment products returned to form with nearly $1.07 billion in inflows last week, led by Bitcoin and XRP which recorded its strongest week ever.

Ethereum is hovering around $3,000, and an analyst predicts a potential rise to $3,200, driven by unusually low stablecoin yields on lending platforms, indicating the market hasn’t peaked yet.

Ethereum is rolling out its ‘Fusaka’ hard fork on December 3, aiming to boost scalability and lower transaction fees. Analysts are bullish on the update’s potential impact on ETH’s price, citing historical gains from past upgrades.

Bitmine Immersion Technologies, led by CEO Tom Lee, has purchased another $44.34 million worth of Ethereum, bringing its total holdings to about 3% of all ETH. The company plans to accumulate until it controls 5% of the supply, with Lee predicting the price will surge to $7,000-$9,000 in the coming months.