In the short term, it would not be unusual to see a drop due to “selling the news.”
In the medium term the outlook is bullish, but the macroeconomic issue will also influence.
The Ethereum network today implements its technical upgrade called Fusaka, an event that marks a structural change in its data economics and its execution capacity.
Yes ok Fusaka promises to optimize long-term scalabilitythe market cautiously evaluates the immediate impact on the price of the cryptocurrency ether (ETH), Ethereum’s native token.
The Fusaka update, which amalgamates changes to the consensus (Fulu) and execution (Osaka) layers, Its central axis is the introduction of Peer Data Availability Sampling (PeerDAS)as explained in previous CriptoNoticias publications. This technical mechanism radically changes how nodes process information: instead of downloading entire blocks of data, validators now perform random sampling.
This technical efficiency reduces bandwidth load and enables scaling of available space for second layer networks (L2) as Base or Arbitrum.
According to technical estimates, this could reduce the operating costs of these networks by 40% to 60% in the initial stage, facilitating a higher volume of transactions without saturating the main network.
Fusaka will bring economic reengineering to Ethereum
Beyond scale, Fusaka addresses a critical issue inherited from the Dencun update: the drop in mainnet revenue. Through the proposal EIP-7918a revenue “floor” is established by tying the cost of data (blobs) with the Layer 1 execution price.
This seeks to correct the distortion where high activity in L2 did not translate into value capture for the base network. With this change, it is expected to reactivate the burning of commissionsreturning deflationary pressure to the ETH digital currency under high demand conditions.
ETH Price Impact: Volatility, Fundamentals and Macroeconomics
From this column – and with the clarification that it is not investment advice or financial recommendation – we will raise a dual thesis regarding the price of ETH.
In the short term a fall is possible (sale of the news). Following the historical pattern of events like “The Merge”, the price is likely to face immediate volatility or pullbacks. The market usually discounts technical success before the event, leading to profit-taking or stagnation in the days after the activation.
Things change in the medium and long term, where the outlook becomes bullish. Once we have passed the technical implementation of Fusaka and the parameter forks (BPO) scheduled for the coming weeks, the fundamentals are strengthening.
The combination of a network capable of processing industrial volumes and a repaired revenue mechanism suggests a solid foundation for the asset’s appreciation into 2026.
The upgrade is being rolled out in a phased manner, so the full impact on supply and demand for the digital asset will become progressively evident as the ecosystem absorbs the new capacity.
Of course, the price of ETH does not only depend on the technological genius that Ethereum can provide. Also It will greatly influence how aspects of the macroeconomy that usually impact cryptocurrencies behave.. Keep in mind that 2026, following historical patterns, would be a bearish year for bitcoin (BTC) and digital assets. If this were to happen once again (which some analysts doubt) it is likely that ETH will also have a bearish 2026.