💥💥Just now, something big happened in the circle, I'm giving my brothers a heads up.
The Wall Street forecaster "God of Numbers" Tom Lee has made another move, this time directly calling for the arrival of Ethereum's ($ETH $) "super cycle," with long-term targets ranging from $8,000 to $12,000. He’s not just talking; the BitMine organization, of which he serves as chairman, has already accumulated over 3.72 million ETH in real assets and is recently increasing its buying power. This move coincides perfectly with Ethereum's mainnet upgrade "Fusaka" scheduled for December 3, making the timing quite interesting.
So, what makes this upgrade so promising in the eyes of the big players?
In simple terms, it aims to give Ethereum a "full-body expansion." The core is a technology called PeerDAS. In the future, when processing Rollup data, nodes no longer need to download the entire "data block"; they only need to randomly sample a small portion to ensure security. This is equivalent to opening the tap for data throughput on the network without significantly increasing the burden on nodes, with the goal of ultimately achieving 100,000 transactions per second. More importantly, the upgrade hides a "Trojan horse"—EIP-7951. It allows Ethereum to natively support the signature standards used by your phone's secure chip (such as iPhone's Secure Enclave). This means that in the future, users may be able to safely sign Ethereum transactions directly with their fingerprint or facial recognition, significantly lowering the barriers.
What is the current state of the market?
Recently, the overall market has not been calm. On one hand, the concentrated clearing events in October and macro headwinds have put pressure on the market, and it can only be said that it has stabilized tentatively, but it is not yet time for a reversal. Even the traditional logic of "central bank easing = cryptocurrency rising" is being tested. The price of Ethereum has also experienced significant fluctuations recently, dropping 7.6% in a single day on December 1st. However, on the other hand, funds are quietly positioning themselves: in the third quarter of this year, the inflow of funds into Ethereum ETFs surpassed that of Bitcoin ETFs for the first time in history. It's like a race, with short-term sentiment and long-term funds in a tug-of-war.
In summary:
Ethereum: In the short term, can the Fusaka upgrade (December 3) bring a technical boost? In the medium to long term, will the convenience of "mobile as a wallet" attract a massive number of new users? The target of $8000-12000 given by the big shot Tom Lee is a question for time to answer. $BNB $XRP