Ethereum Enhances Data Capacity Ahead of Fusaka Upgrade
- Data Capacity Enhancement: Ethereum's update on Tuesday increased the target capacity for data packets from 10 to 14 and the maximum blob limit from 15 to 21, a seemingly minor change that is critical for Ethereum's rollup-focused scaling strategy.
- Cost Reduction for Transactions: By expanding blob size, Layer 2 networks like Base, Arbitrum, and Optimism will experience more stable transaction fees, especially during periods of limited blob capacity when fees can escalate rapidly.
- Proactive Capacity Expansion: Current on-chain data shows that blob usage is well below capacity and there is no congestion, indicating that Ethereum is proactively scaling before congestion occurs to ensure efficient network operation.
- Gradual Scalability Approach: This update reflects a broader strategy in Ethereum's roadmap, aiming for scalability through gradual adjustments to data availability and transaction throughput parameters rather than relying on large hard forks, demonstrating the network's ability to achieve higher bandwidth while maintaining decentralization.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH) As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 623.46 | 1185.63 | 1704.31 | 2266.48 | 2785.16 | 3347.33 | 3866.01 |
| Fibonacci | 1185.63 | 1598.515 | 1853.595 | 2266.48 | 2679.365 | 2934.445 | 3347.33 |
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