#ETH
Today's report about #ETH
Report:
Current Status: ETH is trading around $3,019 (as of Dec 2nd), having staged a strong rebound from the $2,760 support level after the recent macro-driven sell-off.
Major Catalyst: The highly anticipated FUSAKA Hard Fork is scheduled for December 3rd (tomorrow!). This upgrade is set to significantly boost Layer 2 scalability, potentially reducing L2 fees by 60% to 90% via PeerDAS and other EIPs .
Historical Warning: Historically, major Ethereum hard forks often face a "sell-the-news" dip immediately after activation (e.g., -6% to -12% correction). This is the biggest short-term risk.
Analyst Sentiment: Despite the risk, major analysts predict that pre-Fusaka conditions (low volatility, rising institutional interest) are setting the stage for a strong long-term rally into early 2026.
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