Earlier this Tuesday, the value of Ethereum (ETH) rose above the $3,200 mark, CoinGecko information exhibits.
In keeping with analytics agency Santiment, this development will be attributed to shark wallets that maintain between 1,000 and 10,000 ETH (roughly $3.2–32 million at present costs).
This group of influential buyers has been steadily accumulating ETH.
As famous by Santiment, these wallets have been the “key alpha” for the second-largest altcoin all through this 12 months.
The community has added 190,000 new wallets in a day is a big spike, which exhibits robust demand.
Fusaka improve
The newest worth spike has coincided with the launch of the Fusaka improve, which is Ethereum’s newest main community exhausting fork.
Co-founder Vitalik Buterin not too long ago took to the X social media community to congratulate Ethereum researchers and builders.
“Large congrats to the Ethereum researchers and core devs who labored exhausting for years to make this occur,” Buterin stated on X.
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The improve was efficiently activated on mainnet on Dec. It combines two upgrades: “Fulu” (the consensus layer named after a variable star within the constellation of Cassiopeia) and “Osaka” (the execution layer named after the town internet hosting Devcon 2025).
That is Ethereum’s second huge improve of 2025, following Pectra in Could.
Fusaka focuses on scaling information availability for Layer 2 (L2) rollups (e.g., Arbitrum, Optimism, Base) whereas conserving node operation reasonably priced and decentralized.
Fusaka primarily advantages L2 ecosystems: extra information capability means cheaper and quicker transactions on rollups.