{"id":61822,"date":"2025-12-04T06:46:52","date_gmt":"2025-12-04T06:46:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=61822"},"modified":"2025-12-04T06:46:52","modified_gmt":"2025-12-04T06:46:52","slug":"shark-wallets-drive-ethereum-to-3-week-high-after-fusaka-deployment","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=61822","title":{"rendered":"\u2018Shark\u2019 Wallets Drive Ethereum to 3-Week High After Fusaka Deployment"},"content":{"rendered":"<div>\n<p>Strong accumulation from \u201cshark wallets\u201d holding 1,000 to 10,000 ETH has pushed the asset\u2019s price up to $3,230, reported Santiment on Thursday.\u00a0This is the highest that Ether has traded for since mid-November, almost three weeks ago.<\/p>\n<p>These wallets have been \u201ckey alpha\u201d for the asset\u2019s price throughout 2025, Santiment added.\u00a0Additionally, network growth just hit 190,000 new wallets in one day.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f988.png\" alt=\"\ud83e\udd88\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f4c8.png\" alt=\"\ud83d\udcc8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Ethereum has climbed back to $3,215 on strong accumulation from shark wallets holding 1K-10K <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a>. These wallets have been key alpha for the #2 coin\u2019s price throughout 2025. Additionally, ETH\u2019s network growth just hit 190K new wallets in one day.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f517.png\" alt=\"\ud83d\udd17\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> <a href=\"https:\/\/t.co\/QsvXwulg76\">https:\/\/t.co\/QsvXwulg76<\/a> <a href=\"https:\/\/t.co\/NTR1tnvUtR\">pic.twitter.com\/NTR1tnvUtR<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1996360955077517451?ref_src=twsrc%5Etfw\">December 3, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Ethereum Upgrade Successful<\/h2>\n<p>The move follows the successful deployment of the Fusaka <a href=\"https:\/\/cryptopotato.com\/fusaka-hard-fork-goes-live-on-ethereum-with-massive-data-availability-boost\/\">upgrade<\/a> on Wednesday.<\/p>\n<blockquote>\n<p>\u201cFusaka went well, and L2s posting blobs without missing a beat,\u201d <a href=\"https:\/\/x.com\/terencechain\/status\/1996344935956791437\">said<\/a> Ethereum developer Terence Tsao. \u201cCredit to all the teams. L1 and L2s are running as one well-oiled machine that moves forward together,\u201d he added.<\/p>\n<\/blockquote>\n<p>Fusaka is a key step on Ethereum\u2019s layer-1+rollup roadmap with higher L1 performance, expanded blob capacity, lower rollup costs, and UX improvements.<\/p>\n<blockquote>\n<p>\u201cTwo major Ethereum upgrades this year is a huge win,\u201d said Ryan Sean Adams from Bankless, who <a href=\"https:\/\/x.com\/RyanSAdams\/status\/1996337351748985342\">added<\/a>, \u201cI haven\u2019t seen builder momentum this strong since the Merge in 2022.\u201d<\/p>\n<\/blockquote>\n<p>Ethereum also achieved a record daily gas usage of over 200 billion units on Dec. 3, coinciding with the Fusaka upgrade\u2019s activation, <a href=\"https:\/\/x.com\/SAMALTCOIN_ETH\/status\/1996380473812255032\">observed<\/a> Sam Altcoin.<\/p>\n<p>Analyst Ted Pillows noted that the ETH\/BTC ratio was trying to reclaim the 50-week exponential moving average again. \u201cIf that happens, ETH and altcoins could see upward momentum,\u201d he <a href=\"https:\/\/x.com\/TedPillows\/status\/1996277692912791662\">said<\/a>.<\/p>\n<p>Meanwhile, Tom Lee is \u201cDCAing ETH,\u201d <a href=\"https:\/\/x.com\/arkham\/status\/1996329770171138373\">reported<\/a> Arkham Intelligence on Thursday. It observed another $150 million BitMine purchase on Wednesday, stating \u201cTwo fresh wallets just withdrew $92 million of ETH from Kraken, and $58 million from Bitgo, matching prior BitMine purchase patterns.\u201d<\/p>\n<p>BitMine has already <a href=\"https:\/\/cryptopotato.com\/new-bitcoin-all-time-high-by-january-says-tom-lee\/\">bought the dip<\/a> twice earlier this week and now holds at least\u00a03.73 million ETH worth almost $12 billion.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">TOM LEE JUST BOUGHT $150M ETH<\/p>\n<p>Two fresh wallets just withdrew $92M of ETH from Kraken, and $58M from Bitgo, matching prior Bitmine purchase patterns.<\/p>\n<p>Tom Lee is DCAing ETH. <a href=\"https:\/\/t.co\/uZxEnhVvzi\">pic.twitter.com\/uZxEnhVvzi<\/a><\/p>\n<p>\u2014 Arkham (@arkham) <a href=\"https:\/\/twitter.com\/arkham\/status\/1996329770171138373?ref_src=twsrc%5Etfw\">December 3, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>ETH Price Outlook<\/h2>\n<p>Ether prices hit a three-week high of $3,230 during early trading in Asia on Thursday, but it could not hold above it and dipped slightly to $3,200 at the time of writing.<\/p>\n<p>The asset has recovered 16% since its dip to $2,740 earlier this week during the latest leverage flush. Comparatively, Bitcoin has only recovered 10% from its Tuesday low to $83,500.<\/p>\n<p>Nevertheless, Ether remains down 35% from its all-time high and is also 4.5% in the red year-to-date.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/shark-wallets-drive-ethereum-to-3-week-high-after-fusaka-deployment\/\">\u2018Shark\u2019 Wallets Drive Ethereum to 3-Week High After Fusaka Deployment<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Strong accumulation from \u201cshark wallets\u201d holding 1,000 to 10,000 ETH has pushed the asset\u2019s price up to $3,230, reported Santiment on Thursday.\u00a0This is the highest that Ether has traded for since mid-November, almost three weeks ago. These wallets have been \u201ckey alpha\u201d for the asset\u2019s price throughout 2025, Santiment added.\u00a0Additionally, network growth just hit 190,000 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-61822","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/61822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61822"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/61822\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}