TLDR
- Ethereum trades above $3,000 ahead of the Fusaka upgrade on Dec 3.
- EIP-7918 aims to boost ETH burn by tying L2 fees to mainnet gas costs.
- PeerDAS (EIP-7594) will improve data efficiency and scalability.
- ETH price may rise to $3,400 if $3,000 support remains stable.
Ethereum’s price is holding above $3,000 as the network prepares for its upcoming Fusaka upgrade, scheduled for December 3, 2025. The upgrade is expected to go live on Ethereum’s mainnet at 21:49:11 UTC, at block 13,164,544. Market watchers are closely monitoring this development, which could influence Ethereum’s short-term price movement.
As of the latest data, Ethereum is trading around $3,032, showing a 0.22% increase. The price has moved between $2,750 and $3,250 in recent days. Analysts believe a stable price above $3,000 could set the stage for a potential move toward the $3,200 to $3,400 range.
Fusaka to Introduce Key EIPs Focused on Scalability
The Fusaka upgrade will introduce several Ethereum Improvement Proposals (EIPs), which aim to improve scalability and network efficiency. Among them, EIP-7594, also known as PeerDAS, is designed to enhance data availability by allowing data to be split into chunks and distributed across the network.
This approach will reduce the burden on individual nodes, increase throughput, and allow Ethereum to process more transactions while preserving decentralization. The upgrade is intended to make Ethereum more efficient as global demand for blockchain services continues to rise.
EIP-7918 May Change Ethereum Fee Dynamics
Another key feature of Fusaka is EIP-7918, which has sparked interest among crypto analysts. This EIP will change how Ethereum handles Layer 2 (L2) data fees by aligning them more closely with mainnet gas prices.
Crypto commentator Kira Sama noted on X that EIP-7918 could shift L2s into becoming consistent ETH burners. Currently, L2s benefit from low base fees when posting data to Ethereum, but this will change with EIP-7918. L2s will start paying protocol-enforced fees in ETH, a portion of which will be burned under EIP-1559.
Kira stated, “They will just pay their fair share to Ethereum L1 and burn meaningful ETH. It will be slow and steady at the beginning.” He further mentioned that this could lead to millions of dollars’ worth of ETH being burned over time, especially as more companies build L2 solutions.
Market Conditions Add to Ethereum Price Uncertainty
Besides the upgrade, market analysts are also tracking macroeconomic events. The Federal Reserve is expected to end Quantitative Tightening on December 1. Chairman Jerome Powell is also scheduled to deliver a public address on the same day, adding more uncertainty to the market.
These events, combined with the Fusaka upgrade, may influence Ethereum’s next price movement. One analyst warned that Ethereum must hold above the $3,000 support level. If it does not, a drop to around $2,800 is possible.
However, if ETH stays above $3,000 and gains strength, it could reach the $3,200–$3,400 range, according to current predictions.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
