The post Ethereum: Can Fusaka offset selling pressure from a 2mln ETH unlock? appeared on BitcoinEthereumNews.com. Key Takeaways Is Ethereum facing a potential supply squeeze? Nearly 2 million ETH are queued to unlock while exchange reserves have dropped to a three-year low. Will the Fusaka upgrade impact price? Possibly. The upgrade arrives on December 3, and past upgrades like Pectra aligned with a 58% ETH rally. Nearly 2 million Ethereum [ETH] are on the move – not in, but out of staking – just as exchange balances hit new lows. With Fusaka arriving in December, Ethereum might be preparing for one of its big swing phases! A huge exist queue builds Ethereum is heading toward a major supply shift. Validator Exit Queue was stacked, with nearly 2 million ETH scheduled to unlock over the next 35 days. Source: X The queue has gone up from near-zero levels to above 2.5 million ETH at its peak, making this the largest pending withdrawal wave since staking began. Yet none of this ETH has exited the system yet. It is simply waiting in line. At the same time, ETH Exchange Reserves have fallen to 15.9 million ETH, their lowest point in more than three years. Source: X A large batch of ETH is about to become liquid. At the same time, Exchange Balances keep shrinking. This increases the chances of a near-term supply shock. All eyes on Fusaka Ethereum’s next major milestone arrives on the 3rd of December, and it seems like the market is preparing itself for it. The Fusaka upgrade targets three core areas (L2 scalability, transaction speed, and validator performance), building directly on improvements seen in Shanghai and Dencun. So far, upgrades have acted as catalysts: the previous Pectra upgrade coincided with a 58% rally. Source: X Fusaka is expected to deliver even broader efficiency gains, including lower gas costs and faster L2 throughput, both of… The post Ethereum: Can Fusaka offset selling pressure from a 2mln ETH unlock? appeared on BitcoinEthereumNews.com. Key Takeaways Is Ethereum facing a potential supply squeeze? Nearly 2 million ETH are queued to unlock while exchange reserves have dropped to a three-year low. Will the Fusaka upgrade impact price? Possibly. The upgrade arrives on December 3, and past upgrades like Pectra aligned with a 58% ETH rally. Nearly 2 million Ethereum [ETH] are on the move – not in, but out of staking – just as exchange balances hit new lows. With Fusaka arriving in December, Ethereum might be preparing for one of its big swing phases! A huge exist queue builds Ethereum is heading toward a major supply shift. Validator Exit Queue was stacked, with nearly 2 million ETH scheduled to unlock over the next 35 days. Source: X The queue has gone up from near-zero levels to above 2.5 million ETH at its peak, making this the largest pending withdrawal wave since staking began. Yet none of this ETH has exited the system yet. It is simply waiting in line. At the same time, ETH Exchange Reserves have fallen to 15.9 million ETH, their lowest point in more than three years. Source: X A large batch of ETH is about to become liquid. At the same time, Exchange Balances keep shrinking. This increases the chances of a near-term supply shock. All eyes on Fusaka Ethereum’s next major milestone arrives on the 3rd of December, and it seems like the market is preparing itself for it. The Fusaka upgrade targets three core areas (L2 scalability, transaction speed, and validator performance), building directly on improvements seen in Shanghai and Dencun. So far, upgrades have acted as catalysts: the previous Pectra upgrade coincided with a 58% rally. Source: X Fusaka is expected to deliver even broader efficiency gains, including lower gas costs and faster L2 throughput, both of…