Recent Ethereum ($ETH ) updates include progress on scalability and upcoming network upgrades. The Fusaka upgrade is scheduled for the week of December 1st, aiming to significantly improve scalability by increasing transaction capacity and reducing confirmation times. This upgrade is expected to boost network throughput to 100,000 transactions per second and lower Layer 2 transaction costs by 40-50%.

In terms of network activity, Ethereum has surpassed a 60 million gas limit on its mainnet blocks, a milestone not seen in four years, indicating enhanced transaction processing capabilities. Despite recent outflows from Grayscale's Ethereum ETF, the network has seen significant inflows, attracting $309 million in the past week. Major investors and derivatives traders are increasing their long positions, anticipating a rebound ahead of the Fusaka upgrade.

Looking further ahead, Ethereum's roadmap extends to 2028 with a focus on quantum resistance to fortify the network against potential threats from quantum computing. This roadmap also addresses scaling, security, and decentralization to maintain Ethereum's position as a leading blockchain platform. Ethereum's price is currently hovering around $3,000, with recent price action showing mixed signals but bulls remaining active on dips. The $ETH /$BTC # ratio has also rebounded, indicating short-term outperformance against Bitcoin.

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