Ethereum Holds $3,000 Base as Buyers Test Resistance Ahead of Fusaka Upgrade

Overview

• ETH is consolidating above $3,000 and probing resistance near $3,140–$3,200, with short‑term targets highlighted up to $3,450–$3,500 if momentum builds.
• Centralized exchanges hold only about 8.7%–8.9% of circulating ETH, and roughly 40% is tied up in staking, custodial solutions, or institutional products.
• U.S. and Korea premium gauges indicate ongoing accumulation, though Korean buying has cooled, and exchange deposit activity has declined from late‑November levels.
• The Fusaka upgrade is scheduled for December and is reported to target faster processing, higher efficiency, and lower costs on the Ethereum network.
• Treasury and IRS work on staking rules is advancing and could reshape proof‑of‑stake investment products, while technical analysts frame upside scenarios as contingent on policy and liquidity conditions.