After ETH returned to the $3,000 mark, market analysts believe that this is due to the market's optimistic expectations for the upcoming Fusaka upgrade, supported by the general rise of major counterfeit products such as SOL and BNB, the total market value of cryptocurrencies climbed to about $3.20 trillion.
According to Timothy Misir, head of research at BRN, part of the reason for the price increase was the forced buying influx due to the large number of BTC shorts above $93,000 being squeezed out. The flow of funds from spot ETFs also provided an additional positive factor, with the US Bitcoin spot ETF recently recording a net inflow of around $58,500,000, marking the fifth consecutive session of positive inflows.
Analysis: ETH may rise due to optimistic market expectations for Fusaka upgrade
2025-12-03 12:11:20
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