Ethereum’s Fusaka Upgrade Aims to Slash Layer-2 and Validator Costs

Following the successful deployment of the Pectra upgrade, Ethereum’s core developers are now focusing on the next major upgrade, Fusaka. This upgrade is expected to introduce PeerDAS, an ethereum Improvement Proposal (EIP) designed to reduce costs for Layer-2 solutions and validators, further enhancing the network’s efficiency and scalability.

Ethereum’s Next Upgrade ‘Fusaka’ Aims to Reduce Layer-2 and Validator Costs

Ethereum’s Core developers are already shifting focus to Fusaka, the network’s next major upgrade, following the successful deployment of Pectra last week. Pectra, the most significant code change since the Merge in 2022, introduced enhancements for institutional staking, wallet accessibility, and transaction efficiency.

Fusaka is expected to include PeerDAS, an Ethereum Improvement Proposal (EIP) designed to support larger "blobs" of transaction data. These blobs, introduced during the Dencun upgrade, store data off-chain to alleviate network congestion. The upgrade could further reduce costs for Layer-2 solutions and validators.

BlackRock Files for In-Kind Redemptions on Ethereum ETF, Signaling Institutional Confidence in ETH

BlackRock has taken a decisive step toward expanding its cryptocurrency offerings by filing an amended S-1 form with the SEC for its iShares Ethereum Trust ETF (ETHA). The revised filing explicitly includes provisions for in-kind creation and redemptions—a mechanism that could streamline institutional participation upon regulatory approval.

Bloomberg ETF analysts James Seyffart and Eric Balchunas note the SEC’s likely approval timeline extends into 2025, with a final decision deadline set for November 10. This development follows BlackRock’s established pattern of pushing crypto infrastructure boundaries, having previously secured approval for a similar structure with its Bitcoin ETF.

The MOVE underscores growing institutional demand for Ethereum exposure through regulated vehicles. Market observers interpret the filing as a bullish signal for ETH’s long-term valuation, as in-kind redemptions typically reduce operational friction for large-scale investors.

Ethereum Dips Below $2,500 Amid Strong Weekly Rally

Ethereum has retreated slightly to $2,450 after a 35% weekly surge—its strongest performance since December 2020. The rally appears driven by organic spot demand rather than Leveraged speculation, as evidenced by declining open interest and leverage ratios.

Technical support now converges NEAR $2,400, with resistance at the psychological $2,500 level. Market structure remains bullish if ETH maintains this higher trading range, particularly following successful implementation of the Pectra upgrade and improving macroeconomic conditions for risk assets.

Ethereum Faces Potential Volatility Despite Recent Surge

Ethereum (ETH) rallied 44% over the past week, buoyed by a US-China trade agreement and the seamless execution of its Pectra upgrade. The hard fork’s success temporarily eased market anxieties, but the momentum appears fragile—ETH dipped 0.05% in the last 24 hours as traders brace for a possible correction.

Analysts note conflicting signals: record-high trading volume reflects sustained demand, yet fading HYPE around recent catalysts could trigger profit-taking. The ETH/USD pair remains a focal point across major exchanges, with technical indicators hinting at overbought conditions.