As per CryptoDaily, Ethereum is showing signs of a short-term rebound after hitting oversold levels, with the RSI rising from 37 and a bullish MACD crossover indicating fading downside momentum. Traders are positioning for the upcoming Fusaka upgrade on December 3, which aims to enhance Ethereum's scalability and reduce L2 posting costs. The price is currently testing the $2,963 Fibonacci level, with $3,100 as the next key resistance. A close above $2,979 could shift momentum higher, while a drop below $2,860 risks a retest of the $2,681 June low. The Fusaka upgrade will introduce PeerDAS, a data-availability system expected to boost Ethereum's data throughput eightfold, strengthening its role in DeFi and RWA platforms. Outset PR, a crypto PR agency, is tracking sentiment and market structure to help projects align with Ethereum's evolving narrative.
Ethereum Bounces From Oversold Levels as Fusaka Upgrade Looms
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