News

On Dec 04, 2025, 15:39 PM(UTC). According to Binance Market Data, Ethereum has crossed the 3,200 USDT benchmark and is now trading at 3,203.189941 USDT, with a narrowed 4.09% increase in 24 hours.

Key TakeawaysETH pushes back against $3,200, a key resistance levelTreasury demand collapse continues, with DAT purchases down 81% since AugustFalling wedge breakout points toward a potential $4,150 technical target if support holdsImmediate Market Update: ETH Reclaims $3,200ETH now hovers around $3,200, up 17% from its $2,620 local low on Nov. 21. The move helped Ethereum regain the $3,080–$3,200 zone where the 50-week and 100-week SMAs converge. A daily close above this range signals easing selling pressure and reinforces short-term bullish momentum.However, ETH still faces overhead resistance at the 200-period SMA, a level that has capped advances since Oct. 28. This region also aligns with a heavy on-chain cost basis cluster of 5.1 million ETH, according to Glassnode. Market And Industry Context: Treasury Demand WeakensOne of the most notable trends is the collapse in ETH treasury demand. Digital asset treasury (DAT) firms acquired only 370,000 ETH in November, down 81% from the 1.97 million ETH peak in August.Bitwise’s Max Shannon warns that the structural bid for Ether is weakening, noting that shrinking mNAV and limited purchasing power among smaller firms are driving a deeper decline and it is not just a cyclical slowdown.Capriole Investments shows institutional flows turning negative, shifting from a daily buying peak of 121,827 ETH in mid-August to net selling of 5,520 ETH per day now.Despite this broad contraction, a few major players remain active. BitMine, led by strategist Tom Lee, accumulated 679,000 ETH over the past month and is nearly 62% of the way toward its goal of holding 5% of the circulating Ether supply. The firm also retains $882 million in cash reserves for future allocations. On-Chain And Technical Insights: Breakout Targets $4,150Ethereum has broken above the upper boundary of a falling wedge near $3,000, a pattern typically associated with declining selling pressure and a shift toward recovery. A confirmed daily close above this line opens a path toward the wedge target at $4,150, a 36% upside from current levels.ETH also reclaimed the 50% Fibonacci retracement at $3,141 and the 7-day SMA at $3,013, supporting near-term strength. The MACD histogram has flipped positive for the first time since Nov. 22, reinforcing improving momentum.Still, RSI sits near 52, leaving room for consolidation before ETH can challenge higher resistance around $3,413, the 23.6% Fib level.The 20-day EMA at $3,100 remains crucial. A sustained position above this indicator would suggest that selling pressure continues to ease. Outlook: Key Levels To WatchEthereum’s immediate focus is maintaining support above $3,100–$3,200, which would validate the wedge breakout and stabilize confidence. Failure to hold could expose ETH to a retest of $2,847, a critical Fibonacci level.On the upside, clearing resistance toward $3,500, the region aligned with the 50-day SMA, would strengthen the broader recovery structure.Network fundamentals also hinge on the Fusaka upgrade, activated Dec. 3. If the upgrade successfully reduces Layer-2 costs over the coming weeks, it may provide a catalyst for renewed institutional interest and on-chain activity.

According to PANews, Ethereum co-founder Vitalik Buterin has emphasized the significance of PeerDAS within Fusaka, describing it as a form of sharding technology. This innovation allows Ethereum to achieve block consensus without requiring individual nodes to examine extremely small portions of data. Utilizing a client-side probabilistic verification mechanism, it effectively resists 51% attacks without relying on validator voting. Sharding has been a goal for Ethereum since 2015, with data availability sampling becoming a target in 2017, which has now been achieved. However, there are three areas within Fusaka's sharding technology that remain incomplete. Firstly, while Layer 2 networks can handle O(c²) transactions (where c represents node computing power), Layer 1 networks cannot. To benefit Layer 1 scaling, mature zero-knowledge Ethereum virtual machines (ZK-EVMs) are required. Secondly, there is a proposer/builder bottleneck, as builders currently need to access all data to construct entire blocks, necessitating distributed block construction. Thirdly, there is no sharded memory pool, which is currently needed. Despite these challenges, this represents a significant advancement in blockchain design. Over the next two years, the team plans to refine the PeerDAS mechanism, cautiously expanding its scale while ensuring stability. This will enable Layer 2 network scaling, and once ZK-EVMs mature, it will be used for Layer 1 network gas scaling. Previously, Ethereum's mainnet successfully activated the Fusaka upgrade, significantly enhancing data processing capabilities.

According to BlockBeats, analyst @ali_charts has analyzed Ethereum's cost basis heatmap, identifying significant resistance and support levels. The current resistance for Ethereum is at $3,180, while the support level stands at $2,800. The heatmap indicates that approximately 2.6 million ETH have accumulated around these points, suggesting high holder density in these areas over the past few months.

According to BlockBeats, the Ethereum Foundation announced on social media that there is an issue with the Prysm consensus client on its mainnet. Users utilizing Prysm are advised to reconfigure their CL nodes. Those using other clients are not affected and do not need to take any action.

According to BlockBeats, Farside Investors reported a net inflow of $140 million into U.S. Ethereum spot ETFs. The breakdown of the inflows includes $53 million into BlackRock's ETHA, $34.4 million into Fidelity's FETH, $4.5 million into Bitwise's ETHW, $27.6 million into Grayscale's ETHE, and $20.7 million into Grayscale's Mini ETH.

According to PANews, data from Bitwise reported by DL News indicates that Ethereum DAT Treasury Company acquired only 370,000 ETH in November 2025, marking a significant drop of approximately 81% from the peak of 1.97 million ETH in August. Bitwise analysts suggest that this model is rapidly disintegrating due to capital dispersion and premium compression. The current market is described as a 'winner-takes-all' scenario, with Bitmine holding 3.73 million ETH, surpassing the combined holdings of 68 other treasuries. Although the monthly purchases still exceed the new supply of 80,000 ETH, the gap between buying and supply is narrowing quickly.

According to PANews, Ethereum co-founder Vitalik Buterin has outlined plans to enhance the security and scalability of the Ethereum network through 'hard invariants.' Reflecting on past improvements, Buterin highlighted the 2021 updates EIP-2929 and EIP-3529, which increased SLOAD costs and reduced refunds. Looking ahead, the 2024 Dencun update aims to weaken the SELFDESTRUCT function. By 2025, Ethereum plans to set a single transaction limit at 16,777,216 gas, which will restrict the executable size of individual transactions or blocks, thereby reducing the risk of denial-of-service attacks and simplifying client operations. Buterin also proposed future measures to set limits on code byte access, ZK-EVM prover cycles, and memory pricing.

According to PANews, Solid Intel reports that Tom Lee has made a significant investment by purchasing $150 million worth of Ethereum (ETH).

On Dec 03, 2025, 14:41 PM(UTC). According to Binance Market Data, Ethereum has crossed the 3,100 USDT benchmark and is now trading at 3,114.929932 USDT, with a narrowed 8.96% increase in 24 hours.

According to BlockBeats, the Ethereum Fusaka upgrade is set to activate in approximately 9 hours at 21:49:11 UTC on December 3, or 05:49:11 UTC+8 on December 4. This upgrade will occur on both the Ethereum consensus and execution layers, aiming to improve Ethereum's capacity to handle large-scale transactions from various Layer 2 networks. The block gas limit will be increased to 60 million, and BPO forks will pave the way for future blob parameter adjustments. The upgrade is expected to reduce Layer 2 fees by 40% to 60%, enhancing the speed and cost-effectiveness of Layer 2 usage.

According to ChainCatcher, Ethereum has regained the $3,000 mark, driven by market optimism surrounding the forthcoming Fusaka upgrade. This rise is supported by the general increase in major altcoins like SOL and BNB, pushing the total cryptocurrency market capitalization to approximately $3.2 trillion. Timothy Misir, Head of Research at BRN, noted that the recent price surge is partly due to the liquidation of significant BTC short positions above $93,000, which triggered a wave of forced buying. Additionally, spot ETF fund flows have contributed positively, with the U.S. Bitcoin spot ETF recording a net inflow of about $58.5 million, marking the fifth consecutive day of positive inflows.

According to ChainCatcher, Pando Limited has launched its Ethereum ETF (stock code: 3085.HK) on the Hong Kong Stock Exchange as of December 3, 2025. This marks a significant addition to the digital asset investment landscape, providing investors with a compliant and convenient way to participate in the Ethereum market. The ETF is designed to offer direct exposure to Ethereum by holding the cryptocurrency itself and aims to deliver returns closely aligned with the value of Ethereum, based on the CME CF Ether-Dollar Reference Rate (Asia Pacific closing price), before fees. The ETF offers a user-friendly trading system for Hong Kong investors, allowing transactions through existing securities accounts with options for cash or physical redemption. Post-listing, secondary market investors can trade the ETF like regular stocks, significantly reducing operational complexity and making professional-grade digital asset allocation more accessible. On its debut, the ETF saw strong investor interest, highlighting the market's demand for compliant digital asset investment tools. Pando Limited expressed gratitude for the market's support, viewing it as both validation and motivation to continue developing diverse and professional digital asset investment tools. The company aims to meet the global demand for compliant digital financial products and create sustainable long-term value for investors worldwide. Looking ahead, Pando Limited plans to leverage the launch of the Ethereum ETF to deepen collaboration with industry partners, promoting the integration of digital assets with traditional finance. This initiative aims to enhance Hong Kong's digital financial ecosystem and strengthen its competitive edge in the global digital asset arena, benefiting both local and international investors. About Pando Limited: Pando is a licensed provider of virtual asset management services, holding licenses from the Hong Kong Securities and Futures Commission for Type 1, Type 4, and Type 9 activities. The company offers virtual asset-related services and has public fund qualifications, issuing both actively and passively managed ETF products. Through strategic positioning, Pando has accumulated extensive experience in digital asset management and compliance, attracting numerous investors with its diverse investment solutions.

According to ChainCatcher, Ethereum futures trading volume has surpassed Bitcoin for the first time on the Chicago Mercantile Exchange (CME), leading to speculation about an impending supercycle for Ethereum. Priyanka Jain, CME's Director of Equity and Crypto Products, noted that Ethereum options volatility is currently higher than Bitcoin's, attracting more traders and increasing futures activity. In July, open interest in ETH futures also exceeded that of BTC for the first time. While Bitcoin still leads in dollar transaction volume, participation in Ethereum derivatives is rapidly increasing.

On Dec 02, 2025, 23:46 PM(UTC). According to Binance Market Data, Ethereum has dropped below 3,000 USDT and is now trading at 2,999.969971 USDT, with a narrowed narrowed 6.88% increase in 24 hours.

According to Cointelegraph, Ethereum's native token, Ether (ETH), has continued its downward trajectory into December, following a 30% decline over the past three months. This persistent sell-off has raised concerns about the extent of the downturn as the year draws to a close. Analysts suggest that ETH could potentially slide further, targeting the $2,500–$2,200 range if key support levels fail. The Market Value to Realized Value (MVRV) bands are crucial in assessing Ethereum's price movements. As of Tuesday, Ether retested its −0.5σ MVRV deviation band, positioned near $2,820–$2,830, marking the second instance within a week, according to Glassnode data. These bands serve as indicators by comparing Ethereum's market price with the levels at which holders last transacted their coins, often highlighting significant support and resistance zones. Historically, the −0.5σ band has acted as a mid-cycle support during downtrends. A decisive breakdown below this support could shift focus towards the realized price near $2,500, a level that has historically attracted prices during corrective phases. Ether's recent price action has formed a bearish pennant on the daily chart, a continuation pattern that typically follows sharp declines and resolves in the direction of the prior trend. A confirmed breakdown of this pennant could lead to a measured move towards the $2,200–$2,220 area, approximately 20% below current levels. This zone aligns with the 0.786 Fibonacci retracement of the 2025 rally and a previous demand cluster from April. Additionally, the downside target coincides with the apex of a falling wedge pattern, as noted by analyst Dom. Falling wedges often result in breakouts, suggesting that ETH may establish a local bottom around the $2,200-2,220 zone in December. Despite the bearish outlook, there remains optimism among bulls for a potential rally. If ETH breaks above the wedge's upper trendline, it could rise towards $3,550 as the new year approaches. This upside target aligns with predictions made by various analysts during recent downturns. Furthermore, other Ethereum valuation models project ETH prices above $4,000, considering the cryptocurrency to be undervalued. Readers are reminded that this article does not offer investment advice or recommendations, and all investment and trading decisions involve risk. It is advised to conduct thorough research before making any financial decisions.

On Dec 02, 2025, 14:45 PM(UTC). According to Binance Market Data, Ethereum has crossed the 2,900 USDT benchmark and is now trading at 2,900.800049 USDT, with a narrowed 3.22% increase in 24 hours.

According to ChainCatcher, Ethereum developers are refining a zero-knowledge protocol aimed at enhancing privacy for on-chain interactions. The initiative begins with a system akin to a 'Secret Santa' matching process, which could evolve into a broader private collaboration tool. Solidity engineer Artem Chystiakov revisited this research in a post on the Ethereum community forum, highlighting work he initially published on arXiv in January. The concept seeks to replicate the anonymous gift exchange game on Ethereum, where participants are randomly paired without knowing who is gifting whom. Implementing this on a transparent blockchain requires addressing longstanding issues related to randomness, privacy, and resistance to Sybil attacks. Chystiakov noted the core challenge: "Everything on Ethereum is visible to everyone." The blockchain lacks true randomness, and the system must prevent users from registering multiple times or assigning gifts to themselves. The proposed protocol employs zero-knowledge proofs to verify the sender-receiver relationship without revealing identities. It also uses transaction relayers to submit operations, preventing a single wallet from being linked to specific actions. This type of zero-knowledge layer could be applied to anonymous voting, DAO governance, whistleblower channels, and private airdrops or token distributions that avoid disclosing recipient information.

On Dec 02, 2025, 08:09 AM(UTC). According to Binance Market Data, Ethereum has dropped below 2,800 USDT and is now trading at 2,799.060059 USDT, with a narrowed 1.58% decrease in 24 hours.

According to PANews, Ethereum's mainnet reached a historic peak in transaction throughput in November 2025. The Ethereum ecosystem's peak transactions per second (TPS) recently hit an all-time high of 32,950. Lighter, a significant player in Ethereum's Layer 2 solutions, accounts for approximately 90% of the daily TPS on Ethereum's Layer 2 network, while incurring only about $685 in daily on-chain costs to Ethereum.