Key facts: Ethereum dips below $3,000; Buterin forecasts growth; Fusaka upgrade enhances Layer 2
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- Ethereum's price fell below $3,000, reaching a demand zone around $2,680 on November 21, followed by a 10% rebound to $2,970, with the RSI trendline being reclaimed.1
- Vitalik Buterin predicts Ethereum will grow next year, potentially raising the gas limit. However, some operations may cost more to improve network security as it scales.2
- The Fusaka upgrade for Ethereum will introduce Peer Data Availability Sampling (PeerDAS), allowing EVM nodes to verify data availability efficiently, enhancing Layer 2 operations.3