Ethereum breaks above $3,000 after the Fusaka upgrade, which adds PeerDAS and higher blob capacity, but the price still needs to clear a dense EMA cluster to confirm a sustained uptrend.
Summary
- Fusaka introduces PeerDAS, doubles gas capacity and lays the groundwork for two blob parameter expansions that could lower rollup fees in 2026 as Ethereum’s price rises.
- ETH broke a months-long downtrend line and is trading within a wide triangle, with resistance at the 20/50/200-day EMA cluster and a still bearish Supertrend.
- Open interest increases as traders reuse leverage; Holding higher lows and breaking above the EMA cluster are critical to avoid a failed breakout and downtrend.
Ethereum’s price surpassed the $3,000 price level following the December 3 launch of its Fusaka upgrade, representing the largest throughput expansion since EIP-4844, according to market data.
Ethereum price soars upward
The update establishes According to the technical documentation, a foundation has been laid for lower transaction costs heading into 2026. The fork introduces PeerDAS, doubles block gas capacity and creates the technical foundation for two blob parameter expansions planned for later this month and January.
The upgrade will allow validators to verify blob data through sampling instead of downloading entire payloads, allowing Ethereum to scale blob throughput by approximately an order of magnitude, according to the network’s technical specifications.
Technical analysis shows that ETH (ETH) recently broke a descending trendline that had rejected price rebounds since late October. The cryptocurrency trades within a broad symmetrical triangle pattern, with key resistance located in a zone containing the 20-day, 50-day, and 200-day exponential moving averages.
The Supertrend indicator remains in bearish territory, indicating potential resistance to price increases unless that technical trigger is removed, the chart data shows. Support at the lower limit is defined by a trendline that has absorbed multiple tests in November.
Data from the derivatives market indicates that open interest has increased, signaling traders are returning to leveraged positions in anticipation of price movements.
Short-term technical indicators show strength but still need confirmation, market analysts said. If the recent level of consolidation is not maintained, it could lead to a price decline. Sustained upside momentum depends on defending higher lows on shorter time frames to maintain the breakout structure.
With Fusaka up and running and two blob parameter forks planned for the coming weeks, Ethereum’s technical and economic framework is entering a new phase. Chart patterns indicate that, according to technical analysis, a breakout above the EMA cluster is required before sustained upward movement can begin.
