Ethereum upgrade Fusaka arrives: Is it time to ‘buy the fear’ again?

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Well now, we find ourselves caught in a storm of Fear, Uncertainty, and Doubt – otherwise known as FUD. It’s that magical time when millions disappear faster than a rabbit in a magician’s hat, support levels crumble like cheap cardboard, and risk appetite is running for the hills. And as if on cue, the “expected” Q4 tailwind decided to slip deeper into negative territory, like a dog tail between its legs.

So, here we are, with December slapping us in the face with a clear bearish bias. Happy holidays, eh?

Now, the timing of this Ethereum upgrade? Not exactly the kind of timing you’d want at your own birthday party. The Fusaka launch is set to go live on December 3rd. And here’s the real kicker: Could this be the perfect setup for that age-old advice – “buy the fear while everyone else panics and hits the sell button”? Only time will tell, but it sure feels like it.

Pectra upgrade sparked Ethereum’s mid-year rally

2025’s been a wild ride for Ethereum, even though we’ve had our fair share of technical hiccups along the way. Let’s take a quick stroll down memory lane to May, when the Pectra upgrade hit the scene. The goal? To make the network faster than a caffeinated squirrel. And it worked – oh, how it worked.

After the May 7th launch, Ethereum shot up 40% in three days, like a rocket launched from a backyard BBQ. And even with all the FUD since then, ETH is still floating around 38% higher than where it was before the upgrade. Not bad, right?

Now, for those of you still clutching your Bitcoin like a lifeline – don’t get too cozy. Bitcoin is trading about 10% below its $95k range during that time, while ETH is strutting ahead, leaving BTC in the dust. So, it’s safe to say, Ethereum’s been giving Bitcoin a run for its money, even if BTC is still the big dog.

In plain English: that launch was a turning point. Ethereum’s daily transactions climbed to 1.75 million by mid-August, up from 1.25 million pre-upgrade. Active addresses jumped by a mind-boggling 243k. Now, that’s progress!

Ethereum upgrade arrives amid strong on-chain conditions

Now, about that Fusaka upgrade. Buckle up, folks. It’s about to supercharge Ethereum from both ends – front and back. On the back-end, we’ve got Peer Data Availability Sampling (PeerDAS) which lets nodes verify blocks without downloading the entire internet, and an increased block data capacity to handle more transactions than you can shake a stick at.

The gas limit is also getting a bump from 45 million to 60 million, which means more transactions can happen, faster. And the best part? Gas prices are dropping like it’s Black Friday – now sitting at just 0.04 Gwei. Who said Ethereum wasn’t user-friendly?

With network activity low and fees even lower, this upgrade could boost Ethereum’s on-chain activity like the Pectra upgrade did earlier this year. And if history’s any guide, a mid-year rally might just be lurking around the corner.

If you’re eyeing that dip around $2,800, it might be worth a second look. Why? Because Fusaka is strengthening the fundamentals while institutional interest in Ethereum is through the roof. So yeah, it’s a “buy the fear” moment, if there ever was one.

Institutional backing meets network upgrades

Ethereum isn’t just another cryptocurrency – it’s the big fish in a very big pond. With $65 billion in TVL, $168 billion in stablecoin market cap, and over 1,670 protocols swimming around in Ethereum’s waters, it’s pretty clear who’s calling the shots in the DeFi space.

And let’s not forget, upgrades like Fusaka don’t just sit around quietly in the corner – they cause ripples. Just look at the 26 publicly listed companies already holding ETH. That tops all Layer-1s, with Solana trailing in second place with only 18. That’s some serious institutional firepower, folks.

Speaking of firepower, let’s talk about BitMine, which holds a cool 3% of Ethereum’s supply. They just boosted their stash from 54k to 69k ETH. And if that wasn’t enough, Tom Lee’s aiming for 5% and planning a validator network in Q1 2026. That’s one hefty backing!

In short, Ethereum is holding all the right cards. With institutional support and a solid upgrade like Fusaka, Ethereum’s treasury profile just keeps getting stronger.

And in case you missed it: “Buy the fear while everyone else panic-sells.” A little bit of humor in the market goes a long way.

Final Thoughts

  • The Fusaka upgrade lands when network activity is low and fees are even lower. Just like Pectra, it could give Ethereum a nice little boost.
  • Strong institutional backing and the upgrade’s potential mean $2,800 might just be the bargain of the century.

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2025-12-01 18:27