Fusaka

Binance traders’ ETH exposure has climbed as the exchange’s leverage ratio reached a record high while ether reclaimed levels above $3,000. The build-up comes just ahead of the Fusaka upgrade and raises the risk of amplified volatility.

Ethereum climbed past $3,000 after the Fusaka upgrade launched, rebounding roughly 10% in 24 hours following days of sideways trading. Traders pointed to the upgrade and a pickup in risk appetite as catalysts.

Ethereum jumped above $3,000 after a 3% 24-hour gain as the broader crypto market rebounded, with traders now focused on the upcoming Fusaka Upgrade. The rally reflects renewed buying interest ahead of the protocol milestone.

Treasury firm Bitmine confirmed Fusaka will launch in early December, enabling nodes to store only a fraction of chain data. Markets view the upgrade as likely bullish for ETH by improving network efficiency and lowering participation costs.

Ethereum plans to activate the Fusaka upgrade on December 3, 2025, aiming to tackle long-standing scalability constraints. The change is designed to boost capacity for rollups and dapps, potentially easing congestion and lowering effective fees.

Large Ethereum addresses accumulated more than $350 million worth of ETH in recent days despite a broader market pullback, positioning ahead of the Fusaka network upgrade due in December. The moves suggest renewed confidence from big holders and may tighten supply on exchanges.

Large investors accumulated roughly $350 million worth of ETH during a market pullback, increasing on-chain flows into whale addresses ahead of the December Fusaka upgrade. The move suggests confidence in the protocol event despite broader downside pressure.

Ethereum will activate the Fusaka Upgrade on December 3, 2025 to tackle scalability and improve how the network handles transactions and Layer-2 settlement. Developers say the protocol-level changes tested on public testnets could materially improve throughput and fees if successful.