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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.

Bitmine announced on November 12 that the next major Ethereum network upgrade is scheduled for December; the firm called the launch a coordinated step for the ecosystem. Market participants and node operators should prepare for client updates and potential temporary network changes.

Bitmine said on Nov. 12 that Ethereum’s next significant network upgrade is scheduled to launch in December. The announcement from the largest Ethereum treasury firm lends credibility and could boost activity around ETH.

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.

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.