Aniket Pujari
Ethereum breaks above $3,000 after the Fusaka upgrade, which adds PeerDAS and higher blob capacity, but price still must clear a dense EMA cluster to confirm a sustained uptrend.
Summary
- Fusaka introduces PeerDAS, doubles gas capacity, and lays groundwork for two blob-parameter expansions that could cut rollup fees into 2026 as Ethereum price inches up.
- ETH broke a months-long descending trendline and trades inside a broad triangle, with resistance at the 20/50/200-day EMA cluster and a still-bearish Supertrend.
- Open interest is rising as traders re-enter leverage; holding higher lows and breaking above the EMA cluster are key to avoiding a failed breakout and downside.
Ethereum price surpassed the $3,000 price level following the December 3 launch of its Fusaka upgrade, which represents the most significant throughput expansion since EIP-4844, according to market data.
Ethereum price elevates upwards
The update establishes groundwork for reduced rollup transaction fees heading into 2026, according to technical documentation. The fork introduces PeerDAS, doubles block gas capacity, and creates the technical foundation for two blob-parameter expansions scheduled for later this month and January.
The 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 shows ETH (ETH) recently broke through a descending trendline that had rejected price rebounds since late October. The cryptocurrency trades within a broad symmetrical triangle pattern, with key resistance positioned at a zone containing 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 that 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 indicates open interest has increased, signaling traders are returning to leveraged positions in anticipation of price movement.
Short-term technical indicators show strength but require confirmation, according to market analysts. Failure to maintain recent consolidation levels could result in a price decline. Sustained upward momentum depends on defending higher lows on lower timeframes to preserve the breakout structure.
With Fusaka now operational and two blob-parameter forks scheduled for the coming weeks, Ethereum’s technical and economic framework enters a new phase. Chart patterns indicate a breakout above the EMA cluster would be required before a sustained upward move can begin, according to technical analysis.
