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$135 Million in Ethereum Sold by BlackRock Amid Crypto Market Resurgence

$135 Million in Ethereum Sold by BlackRock Amid Crypto Market Resurgence

The post $135 Million in Ethereum Sold by BlackRock Amid Crypto Market Resurgence appeared on BitcoinEthereumNews.com. BlackRock is not holding back on its rapid Ethereum-selling streak, even despite the massive crypto market resurgence witnessed over the last day.  Data from on-chain monitoring firm Lookonchain has revealed another huge Ethereum deposit from the firm. Amid the strong crypto price rebounds, BlackRock has again moved a massive 44,140 ETH, worth about $135.36 million, to Coinbase Prime in a suspected sell-off attempt on Wednesday, December 3. The latest Ethereum deposit from BlackRock has happened in four batches of 10,000 ETH and a single 4,140 ETH transfer, bringing the total amount of ETH deposited today to 44,140. You Might Also Like While the move has sparked discussions across the crypto community, it marks the latest in about a month-long streak of crypto sell-offs from the leading asset manager’s Ethereum ETF wallet. While BlackRock has repeatedly pulled large amounts of its holdings to Coinbase since last month, the move comes as no major surprise. However, the crypto ecosystem is increasingly getting curious about the motive behind the rapid sell-off. BlackRock maintains selling streak  Although speculators had earlier assumed that BlackRock’s steady Bitcoin and Ethereum dump-offs were a response to the prolonged market downturn seen throughout November, BlackRock has not yet slowed down on the move despite the ongoing crypto market rally. Over the last day, Ethereum has surged by over 7%, finally reclaiming its multi-week high of $3,100 amid the broad crypto market resurgence that has seen leading cryptocurrencies record high price gains in the last 24 hours. Notably, the continued selling streak from BlackRock has further invalidated speculations that it has only embarked on the aggressive selling streak to hedge against the prolonged crypto market rally. Contrary to the assumptions, the leading asset manager has accelerated its Bitcoin and Ethereum deposits even as crypto markets flip bullish again, instead of…
Ethereum Surges Above $3,200 as Traders Eye a Stronger Bullish Extension

Ethereum Surges Above $3,200 as Traders Eye a Stronger Bullish Extension

Ethereum price started a fresh increase above $3,120. ETH is now attempting to clear the $3,250 resistance and might accelerate higher. Ethereum started a fresh increase above the $3,000 and $3,120 levels. The price is trading above $3,150 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above the $3,250 zone. Ethereum Price Eyes More Gains Ethereum price managed to stay above $2,880 and started a fresh increase, like Bitcoin. ETH price gained strength for a move above the $2,950 and $3,000 resistance levels. The bulls even pumped the price above $3,120.  However, the price is now testing a key barrier at $3,250. A high was formed at $3,239 and the price is now consolidating above the 23.6% Fib retracement level of the recent move from the $2,718 swing low to the $3,239 low. Ethereum price is now trading above $3,150 and the 100-hourly Simple Moving Average. If there is another upward move, the price could face resistance near the $3,250 level. The next key resistance is near the $3,265 level. The first major resistance is near the $3,320 level. A clear move above the $3,320 resistance might send the price toward the $3,450 resistance. An upside break above the $3,450 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,500 resistance zone or even $3,540 in the near term. Downside Correction In ETH? If Ethereum fails to clear the $3,250 resistance, it could start a fresh decline. Initial support on the downside is near the $3,160 level. The first major support sits near the $3,120 zone and the trend line. A clear move below the $3,120 support might push the price toward the $3,050 support. Any more losses might send the price toward the $2,980 region and the 50% Fib retracement level of the recent move from the $2,718 swing low to the $3,239 low in the near term. The next key support sits at $2,920 and $2,880. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,120 Major Resistance Level – $3,250
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Author: NewsBTC2025/12/04 11:18
Ethereum’s Fusaka Upgrade Introduces PeerDAS, Potentially Boosting ETH Amid Analyst Optimism

Ethereum’s Fusaka Upgrade Introduces PeerDAS, Potentially Boosting ETH Amid Analyst Optimism

The post Ethereum’s Fusaka Upgrade Introduces PeerDAS, Potentially Boosting ETH Amid Analyst Optimism appeared on BitcoinEthereumNews.com. The Ethereum Fusaka upgrade introduces PeerDAS to dramatically reduce transaction fees, expand data capacity by up to 8x, and enable near-instant transactions for users and Layer-2 solutions on the Ethereum network. Ethereum Fusaka upgrade activates PeerDAS for enhanced scalability. It lowers blob fees and improves efficiency for rollups and Layer-2s. Up to 8x data throughput gain, supporting 16MB blobs per block as per Ethereum Foundation data. Ethereum Fusaka upgrade revolutionizes the network with PeerDAS, slashing fees and boosting data capacity for faster, cheaper transactions. Discover how this impacts users and Layer-2s—explore Ethereum’s scaling future today. (152 characters) What is the Ethereum Fusaka Upgrade? The Ethereum Fusaka upgrade represents the network’s second major enhancement in 2025, focusing on scalability through innovative data handling. Activated on the mainnet at 9:49 pm UTC on Wednesday at Epoch 411392, it introduces PeerDAS to fragment rollup data into smaller cells, allowing nodes to process information more efficiently. This results in reduced transaction costs and seamless user experiences with transaction times dropping from minutes to milliseconds via preconfirmations. How Does PeerDAS Enhance Ethereum’s Performance? PeerDAS, or Peer Data Availability Sampling, is the core innovation of the Ethereum Fusaka upgrade, designed to optimize data availability without compromising decentralization. By breaking down large data blobs into manageable fragments, nodes download and upload far less information, speeding up validation and enabling Layer-2 solutions to scale effectively. According to the Ethereum Foundation, this mechanism unlocks up to 8x data throughput, supporting larger 16MB blobs per block while keeping costs low for rollups and end-users. The Ethereum Foundation explained in a detailed overview that PeerDAS ensures efficient interaction between Layer-2s and the mainnet, fostering growth in decentralized applications. For instance, rollup operators benefit from cheaper blob fees, which directly translates to lower transaction expenses for users engaging in DeFi, NFTs, or…
Ethereum Fusaka Upgrade Enhances Stability, ETH Price Climbs Above $3,150

Ethereum Fusaka Upgrade Enhances Stability, ETH Price Climbs Above $3,150

The post Ethereum Fusaka Upgrade Enhances Stability, ETH Price Climbs Above $3,150 appeared on BitcoinEthereumNews.com. The Ethereum Fusaka upgrade, activated on December 3, 2025, at slot 13,164,544, introduced execution-layer refinements to enhance client performance and stability, paving the way for 2026 enhancements without major disruptions. Ethereum Fusaka upgrade boosts client synchronization and opcode handling for smoother operations. Post-upgrade, the network maintained over 995,000 active validators and 35.63 million ETH staked. ETH price surged above $3,150, reflecting market confidence in the seamless activation. Discover how the Ethereum Fusaka upgrade enhances network stability and prepares for future scalability. Explore key features, validator metrics, and price impacts in this comprehensive analysis. Stay informed on Ethereum’s evolution. What is the Ethereum Fusaka Upgrade? The Ethereum Fusaka upgrade represents a pivotal execution-layer update that went live on December 3, 2025, focusing on refining client implementations to ensure long-term network reliability. This biannual upgrade, activated at slot 13,164,544, delivers targeted improvements in opcode handling and block validation without introducing sweeping changes. By prioritizing stability, it sets the foundation for more ambitious Ethereum Improvement Proposals (EIPs) anticipated in 2026. How Does the Fusaka Upgrade Improve Ethereum’s Performance? The Fusaka upgrade enhances Ethereum’s performance through precise technical adjustments that align client teams and optimize core processes. For instance, refinements to opcode edge-case handling prevent potential bottlenecks in transaction execution, while minor optimizations in block validation paths reduce latency during high-demand periods. According to data from Ethereum’s official development channels, these changes have already contributed to a 5-7% improvement in average client processing speeds across major implementations like Geth and Erigon. Expert developers from the Ethereum Foundation emphasize that such incremental updates are crucial for maintaining the network’s robustness, with one lead contributor noting, “Fusaka ensures our execution layer remains agile without risking instability.” Short sentences like these highlight the upgrade’s role in fostering seamless interoperability among diverse clients, ultimately supporting Ethereum’s decentralized ethos.…