Ethereum's Fusaka Upgrade Increases Blob Capacity by 8 Times
Fusaka Upgrade Overview: The Ethereum Fusaka Upgrade, the second major improvement of the year, enhances network efficiency by introducing PeerDAS technology, which allows nodes to verify data more efficiently and increases data capacity by eight times.
Scalability and Cost Reduction: This upgrade addresses long-standing issues of network congestion and high transaction fees, paving the way for mass adoption and enabling Layer 2 solutions to process transactions more economically.
Future Implementations: The Fusaka Upgrade lays the groundwork for future features, including biometric transaction signing and improved security against Denial-of-Service (DoS) attacks, with gradual increases in data capacity planned for the coming months.
Long-term Vision: Ethereum co-founder Vitalik Buterin and other experts view the Fusaka Upgrade as a step towards achieving a vision of a trillion transactions per day, with the next major upgrade, Glamsterdam, anticipated to further reduce costs on the main network.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for 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, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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