Ethereum’s Bull Run Resumes as Whales Buy, Fusaka Upgrade Looms

Whale activity is surging as Ethereum prices approach a new all-time high, signaling bullish sentiment for the cryptocurrency market. Large holders have accumulated over 7.6 million ETH since April, indicating renewed confidence in the long-term prospects of the network. The upcoming December Fusaka upgrade promises to boost scalability and reduce transaction costs, potentially driving further gains. Analysts believe a decisive push above $3,727 could mark a sustained market recovery for Ethereum, while the recent market downturn highlights the need for patience and caution amidst volatility.