Ethereum Surges Past $3,200 Amid Whale Activity and Network Upgrades

2025-12-12 14:45

Ethereum (ETH) has surged to $3,201, breaking out of a falling wedge pattern that had constrained its price since July. This upward movement is supported by increased network activity, with significant whale transactions indicating $426 million in long positions. The recent Fusaka upgrade, implemented in November 2025, has enhanced Ethereum's data blob capacity and increased network throughput to 100,000 transactions per second (TPS), further bolstering its performance. Technical indicators such as the MACD and RSI remain bullish, suggesting continued upward momentum. Ethereum is now approaching key resistance levels at $3,500 and $3,750, which could determine the next phase of its price trajectory.

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