Key Notes
- Fusaka implements PeerDAS enabling consensus without individual nodes processing all available data on the network.
- Vitalik identifies three limitations: L2 throughput issues, proposer-builder bottleneck, and missing sharded mempool component.
- ETH shows technical support at $2,880-$2,950 with potential resistance at $3,160 if current bullish momentum sustains.
Ethereum ETH $3 123 24h volatility: 0.1% Market cap: $377.01 B Vol. 24h: $30.98 B price moved above the $3,000 mark on Thursday, Dec. 4, as investor sentiment strengthened following the successful completion of the Fusaka upgrade on Dec. 3.
In a statement shared on X, Vitalik Buterin , co-founder of Ethereum, declared PeerDAS in Fusaka will now enable consensus on blocks without requiring any single node to see more than a tiny fraction of the data. He noted that this mechanism remains resistant to 51% attacks.
PeerDAS in Fusaka is significant because it literally is sharding.
Ethereum is coming to consensus on blocks without requiring any single node to see more than a tiny fraction of the data. And this is robust to 51% attacks – it's client-side probabilistic verification, not… pic.twitter.com/OK81xBteER
— vitalik.eth (@VitalikButerin) December 3, 2025
Vitalik added that sharding has been a dream for Ethereum since 2015, and that data availability sampling has been researched since 2017, all now actualized by Fusaka. However, he highlighted three areas where Fusaka’s sharding implementation remains incomplete. The first concerns throughput on transactions on Layer-2 networks (L2s) , but not on the Ethereum L1.
Vitalik listed a proposer–builder bottleneck as the second limitation and the lack of a sharded mempool as the third missing component which still needs to be developed.
Despite these gaps, Vitalik described Fusaka as a fundamental step forward in the blockchain’s initial design. He said the next two years will be devoted to refining PeerDAS, increasing its scale, ensuring stability, using it to expand L2 throughput, and eventually turn it inwards to scale Ethereum L1 gas, once ZK-EVMs mature.
Vitalik’s rhetoric rang through the market. Derivatives showed a cautious undertone among speculative traders, keeping an eye on the weak macro sentiment keeping Bitcoin BTC $92 066 24h volatility: 1.1% Market cap: $1.84 T Vol. 24h: $71.78 B price pinned below $95,000 since the breakdown below $83,000 late in November.
Ethereum (ETH) Derivative Market Analysis | Source: Coinglass
While the Fusaka announcement helped drive a 3% spot price increase, Coinglass data showed limited appetite for leveraged long positions. Trading volume rose 6.68% to $83.70 billion, but open interest increased only 1.30% to $38.28 billion. The muted response signals reluctance among derivatives traders to chase the rally.
The long/short ratio at 0.9712 shows that most of the incremental open interest came from short positions, indicating that traders are positioning for the possibility of an early pullback despite the technical breakthrough above $3,000.
Ethereum Price Forecast: What Next for ETH Price After the Fusaka Upgrade?
ETH price consolidating $3,100 with strong support at $2,880–$2,950 support channel, as traders in recent sessions recorded high profitability of over 63%. The win–loss ratio on short-term holders flipped positive for the first time this week, confirming improved spot participation following Vitalik’s Fusaka commentary.
Ethereum price is now attempting to break above the mid-range resistance at $3,080. A clean candle close above this level exposes the upper band of the ascending channel near $3,160, which aligns with the R1 pivot.
A move past R1 would bring the next upside target at $3,240 into view, representing a 6.8% upside from current levels. The R2 pivot at $3,310 is the eventual bullish target if momentum accelerates and short-squeeze conditions emerge.
Ethereum (ETH) Technical Price Analysis | TradingView
The RSI sits in a balanced mid-50s range, indicating room for expansion without entering overbought territory. This suggests ETH can sustain gradual appreciation without immediate exhaustion. Profitability trends remain supportive: with the majority of holders in green but not excessively so, the market is not near a mass-distribution risk zone.
If ETH maintains momentum and derivatives shorts fail to gain traction, Ethereum could retest $3,160 in the near term. Sustained bullish flows into next week could put $3,240 in sight. But elevated short participation and weak macro sentiment suggest this outcome remains unlikely.
Ethereum Rebound and New Market Opportunities
As the Ethereum price rebounds this week, early stage projects are drawing attention.
