Ethereum Finalizes Fusaka Upgrade with 133% Data Capacity Increase
- Data Capacity Enhancement: Ethereum successfully executed the BPO-2 fork, increasing the target blob count per block from 10 to 14 and the maximum from 10 to 21, resulting in a 133% increase in data storage capacity, significantly enhancing the network's throughput to meet rising demand.
- Cost Reduction: Layer 2 transaction fees are projected to drop by 50% to 90%, which will lower operational costs for users by leveraging the increased data space, thereby driving widespread adoption of Ethereum in sectors like DeFi and gaming.
- Technological Innovation: The BPO fork utilizes EIP-7892 for incremental blob capacity increases, combined with Peer Data Availability Sampling technology, enabling nodes to verify large amounts of data without full downloads, thus supporting higher transaction volumes while reducing hardware requirements.
- Market Demand Validation: With BlackRock's ETF securing $100 million in new inflows, the Fusaka upgrade further solidifies Ethereum's status as the premier settlement layer, ensuring it maintains a cost advantage in a competitive market while supporting future widespread adoption.
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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 | 623.67 | 1185.735 | 1704.52 | 2266.585 | 2785.37 | 3347.435 | 3866.22 |
| Fibonacci | 1185.735 | 1598.62 | 1853.7 | 2266.585 | 2679.47 | 2934.55 | 3347.435 |
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