Group 1 - The market's reaction to President Trump's tariffs on foreign goods has been chaotic, affecting various assets, including cryptocurrencies like Ethereum, despite their indirect exposure to U.S. consumer health and export dynamics [1] - Tariffs can increase input costs and consumer prices, which may dampen overall market sentiment, impacting risk assets like Ethereum [3][4] - Despite the volatility caused by tariffs, Ethereum's price has increased by 63% since the implementation of tariffs in April 2025, indicating that the tariffs have not significantly hindered its growth [5] Group 2 - Ethereum's continued growth is attributed to its developers consistently delivering on the chain's roadmap, including significant updates in 2025 that improved scalability without raising gas fees [6] - Upcoming updates, such as the Glamsterdam update scheduled for 2026, are expected to enhance Ethereum's transaction processing capabilities, improving speed and potentially reducing costs [7]

Core Insights - JPMorgan analysts indicate that the Fusaka upgrade for Ethereum, set to launch in December 2025, will temporarily boost transaction volume and active address numbers by increasing data capacity and reducing fees [1] Group 1: Ethereum Network Dynamics - The report highlights a trend of mainnet usage migrating to Layer 2 networks such as Base, Arbitrum, and Optimism, which may impact Ethereum's long-term viability [1] - Alternative blockchains like Solana are attracting users due to lower costs and higher efficiency, further straining Ethereum's market position [1] Group 2: Market Sentiment and Speculation - The speculative demand driven by ICOs, NFTs, and memecoins during the 2021-2022 bull market has significantly declined, affecting Ethereum's transaction activity [1] - Applications like Uniswap and dYdX are shifting towards dedicated chains, which undermines Ethereum's fee generation and burning mechanisms, leading to an increase in ETH supply and downward pressure on prices [1]

Join the Fusaka Community Watch Party.EthStaker 🦇🔊 (@ethStaker):Today Ethereum forks to Fusaka! 🦓Join the Community Watch Party at 21:20 UTC (4:20pm ET) to- hear about what's new in Fusaka- watch the fork (21:49 UTC)- get ready for what's coming in Glamsterdam- and collect POAPs for being part of history!livestream link below ↓ https://t.co/Jmof51J5Tb ...

Group 1 - Ethereum has regained all losses from Monday and is attempting to lead a rally, with market sentiment improving as fears from the previous days have subsided [1] - The upcoming network upgrade, Fusaka, scheduled for December 3rd, aims to enhance Ethereum's scalability at the layer 1 level, which will significantly benefit the ecosystem by increasing capacity and reducing costs [2] - Mixed funding rates for Ethereum indicate varied market sentiment, with negative rates on some platforms and positive rates on others, suggesting traders are positioning for potential price movements as the year-end approaches [3] Group 2 - The Ethereum network upgrade is expected to improve scalability and throughput, which could positively influence price action and attract more participants to the ecosystem [5]

6/ Ready to get started with your Fusaka upgrade prep?Learn more about the upgrade: https://t.co/eym0gDduXUReview features in the current fork: https://t.co/KJxOP8VRzR ...

RT sassal.eth/acc 🦇🔊 (@sassal0x)The Ethereum testnet, Sepolia, has been successfully upgraded to Fusaka!Next up is the Hoodi testnet which is the final testnet being upgraded.If all goes well with Hoodi, Fusaka should land on mainnet in early December. ...

Security Audit - Ethereum developers initiate a security audit contest for the Fusaka upgrade with a $2 million prize pool [1]