\n
Right. So, Ethereum traders have suddenly remembered they exist this week. Buyer aggression is apparently at its highest since early August, which, let’s be honest, feels like a lifetime ago. Binance futures data says so, and who are we to argue?
\n \n
Cue the Fusaka network upgrade, activated on December 3, which seems to have flipped the mood faster than a cat spotting a cucumber. Derivatives? Bullish. On-chain metrics? Bullish. Everyone’s just… bullish. It’s exhausting.
\n \n
Sentiment Flip: AKA “The Upgrade Effect”
\n \n
According to some pseudonymous genius named CryptoOnchain, the Taker Buy/Sell Ratio for ETH futures hit 0.998. That’s the highest since August, and way up from the recent snooze-fest of 0.945. Like, wow, numbers.
\n \n
\n
“This rebound shows futures traders think Fusaka is the bee’s knees and are stacking long positions,” said CryptoOnchain, probably while sipping a latte in a hoodie. “The ratio is outpacing the price, which is technically a leading indicator. Fancy, huh?”
\n
\n \n
They also said breaking above 1.0 would mean the correction is over and we might be heading toward $3,500 to $4,000. Or, you know, not. Who even knows?
\n \n
Spot market data also seems to support this, with Cumulative Volume Delta (CVD) showing positive movements. Arabic Chain, which sounds like a perfume, noted Ethereum is trying to stabilize above $3,100. New liquidity is apparently entering the market, probably from people who just realized they missed Bitcoin in 2010.
\n \n
Oh, and shark wallets-those holding 1,000 to 10,000 ETH-are apparently driving the price up. Yesterday, they helped push ETH to a three-week peak of $3,230. Sharks. In crypto. What a world.
\n \n
Pre-upgrade, there was a record spike in network activity on November 26, with total gas used hitting 215 billion. That’s… a lot of gas. Probably more than my car has used in its entire life.
\n \n
Institutions: The Party Poopers
\n \n
While futures traders and shark wallets are having a blast, institutions seem to be sulking. Bitwise data shows a steep drop in purchases by public Digital Asset Treasuries (DATs). Monthly accumulation fell 81% from August to November 2025, dropping to 370,000 ETH last month. Apparently, market conditions are tough and their buying power is down. Boohoo.
\n \n
But hey, some people are still optimistic. Fundstrat’s Tom Lee, speaking at Binance Blockchain Week in Dubai, predicted ETH could hit $20,000 by 2026. Why? Because of real-world asset tokenization. Or something. Honestly, it all sounds very sci-fi.
\n \n
Right now, ETH is trading around $3,130, up 3.3% over the past week but still down 6% for the month. So, it’s a rollercoaster. Hold on tight, folks. 🎢
\n
Right. So, Ethereum traders have suddenly remembered they exist this week. Buyer aggression is apparently at its highest since early August, which, let’s be honest, feels like a lifetime ago. Binance futures data says so, and who are we to argue?
Cue the Fusaka network upgrade, activated on December 3, which seems to have flipped the mood faster than a cat spotting a cucumber. Derivatives? Bullish. On-chain metrics? Bullish. Everyone’s just… bullish. It’s exhausting.
Sentiment Flip: AKA “The Upgrade Effect”
According to some pseudonymous genius named CryptoOnchain, the Taker Buy/Sell Ratio for ETH futures hit 0.998. That’s the highest since August, and way up from the recent snooze-fest of 0.945. Like, wow, numbers.
“This rebound shows futures traders think Fusaka is the bee’s knees and are stacking long positions,” said CryptoOnchain, probably while sipping a latte in a hoodie. “The ratio is outpacing the price, which is technically a leading indicator. Fancy, huh?”
They also said breaking above 1.0 would mean the correction is over and we might be heading toward $3,500 to $4,000. Or, you know, not. Who even knows?
Spot market data also seems to support this, with Cumulative Volume Delta (CVD) showing positive movements. Arabic Chain, which sounds like a perfume, noted Ethereum is trying to stabilize above $3,100. New liquidity is apparently entering the market, probably from people who just realized they missed Bitcoin in 2010.
Oh, and shark wallets-those holding 1,000 to 10,000 ETH-are apparently driving the price up. Yesterday, they helped push ETH to a three-week peak of $3,230. Sharks. In crypto. What a world.
Pre-upgrade, there was a record spike in network activity on November 26, with total gas used hitting 215 billion. That’s… a lot of gas. Probably more than my car has used in its entire life.
Institutions: The Party Poopers
While futures traders and shark wallets are having a blast, institutions seem to be sulking. Bitwise data shows a steep drop in purchases by public Digital Asset Treasuries (DATs). Monthly accumulation fell 81% from August to November 2025, dropping to 370,000 ETH last month. Apparently, market conditions are tough and their buying power is down. Boohoo.
But hey, some people are still optimistic. Fundstrat’s Tom Lee, speaking at Binance Blockchain Week in Dubai, predicted ETH could hit $20,000 by 2026. Why? Because of real-world asset tokenization. Or something. Honestly, it all sounds very sci-fi.
Right now, ETH is trading around $3,130, up 3.3% over the past week but still down 6% for the month. So, it’s a rollercoaster. Hold on tight, folks. 🎢
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2025-12-06 19:34