#美SEC促进加密资产创新监管框架 On December 3, the Ethereum mainnet Fusaka upgrade officially went live. This is no minor patch—it’s the second major network upgrade of 2025 and directly changes the rules of the game on-chain.

What does the upgrade bring? Lower transaction costs, faster processing, and more responsive applications. More importantly, it paves the way for the explosion of large-scale dApps and L2, further solidifying Ethereum’s core position as the on-chain financial settlement layer. The significance of this update lies in shifting growth from being driven by speculation to value capture created by the protocol itself. The balance between decentralization and scalability has finally found a more stable fulcrum.

Don’t forget, this is just the beginning. The subsequent Surge, Verge, Purge, and Splurge phases are still on the way—each step is worth watching closely.

Looking at historical data, after every major Ethereum upgrade, the big cycle gains have usually not disappointed. Now, with the upcoming rate cut cycle, technical and macro factors are resonating, and the long-term potential could be quite considerable. Can the short-term rally continue? That depends on this week’s data. Last night’s ADP data turned negative, matching market expectations for the rate cut path, which is a positive signal for the next moves. The positions we set up around 3040 are currently showing steady floating profits.

This month, there are still major Nonfarm Payroll and CPI data releases coming up, which could cause significant market volatility—so remember to stay tuned. $BTC $ETH $BNB