ETH USD Reclaims $3,000 Ahead of Fusaka Mainnet Launch: Next Stop $3,200?

[Ben Graham]

I was discussing an Ethereum price prediction here in Japan, and someone curtly said, “Yeah, also invest in some horse manure while you are at it.”

How rude! But it was nice to know I understood what they said in Japanese. Meanwhile, Ethereum’s Fusaka upgrade went live on December 3, delivering the most meaningful throughput expansion since EIP-4844.

Unfortunately, I don’t know how to say that in Japanese…

Tomorrow: Fusaka

Ethereum’s second major upgrade this year.

→ Feature highlight: PeerDAS – Unlocking up to 8x data throughput. For rollups, this means cheaper blob fees and more space to grow.

Learn more. https://t.co/3TOda5KjY2 pic.twitter.com/sEfeiTamy9

— Ethereum (@ethereum) December 2, 2025

The update is setting the stage for cheaper rollup fees heading into 2026. The fork introduces PeerDAS, doubles block gas capacity, and establishes the technical foundation for two blob-parameter expansions arriving later this month and in January.

“While not an official translation, ‘sloping side road’ reflects the playful fusion of Fulu and Osaka.” – Ethereum Editor’s Note

By allowing validators to verify blob data through sampling instead of downloading full payloads, Ethereum can begin scaling blob throughput by roughly an order of magnitude.  Here’s what you need to know for the Ethereum price:

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Ethereum Price Prediction 2026, What’s Next For ETH Price

(Source: TradingView)

ETH is currently trading around $3,070 after snapping a descending trendline that has rejected every rebound since late October. Buyers now have a short-term edge inside a broad symmetrical triangle, but the real test sits between $3,363 and $3,566, a zone that includes the 20-day EMA, the 50-day EMA and the 200-day EMA.

The Supertrend remains bearish at $3,382, and unless the price clears that trigger, rallies can stall as automated systems continue to sell resistance.

Zooming out on Ethereum $ETH you can see that it's in an accumulation pattern since 2022

Price continues to make higher highs and higher lows, and it even made all-time high this year

In such a an trend the strategy should be just accumulate on each higher low pic.twitter.com/pq497kKkUA

— sheng (@investwithsheng) December 3, 2025

On the lower boundary, support is defined at $2,850, the trendline that absorbed repeated hits throughout November.

The derivatives side tells the same story. Open interest jumped 7.7 percent, a sign traders are creeping back into leverage and bracing for movement. If the crypto market continues to march upward, Ethereum could start 2026 at $4,000.

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What’s Next For Ethereum? Short-Term Signals Show Strength but Demand Confirmation

 

Failure to hold $3,050 after consolidation risks an immediate fade back toward $2,950. Buyers need to defend higher lows on lower time frames to preserve the breakout structure.

With Fusaka now active and two blob-parameter forks landing in the coming weeks, Ethereum’s technical and economic setup enters a new phase, yet the charts still demand one clean breakout above the EMA cluster before the next sustained leg higher can begin.

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Key Takeaways

• Ethereum’s Fusaka upgrade went live on December 3, delivering the most meaningful throughput expansion since EIP-4844.
• Failure to hold $3,050 after consolidation risks an immediate fade back toward $2,950.

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