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💥💥Something big just happened in the circle, giving the brothers a heads up.
Tom Lee, the "fortune teller" from Wall Street who has made some pretty accurate predictions, has spoken again. This time he directly stated that the "super cycle" for Ethereum ($ETH $) is coming, with long-term targets seeing it reach between $8000 and $12000. He's not just talking; the BitMine organization, where he serves as chairman, has already accumulated over 3.72 million ETH in real money and has recently increased its buying intensity. This wave of actions coincides perfectly with Ethereum's mainnet "Fusaka" upgrade scheduled for December 3rd, and the timing is 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 will 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 faucet for data throughput in the network without significantly increasing the burden on nodes, with the goal of ultimately achieving 100,000 transactions per second. More importantly, the upgrade contains a "Trojan horse"—EIP-7951. This allows Ethereum to natively support the signature standards used by the secure chips on your phone (like the Secure Enclave on iPhone). This means that in the future, users may be able to safely sign Ethereum transactions directly with their fingerprints or facial recognition, significantly lowering the barrier.
What is the current state of the market?
The overall market has not been calm recently. On one hand, the concentrated clearing event in October and macro headwinds have put pressure on the market, and it can only be said that there is a preliminary stabilization, but it is not yet time for a reversal. Even the traditional logic of "central bank easing = cryptocurrency rising" is being tested. Ethereum's price has also seen significant fluctuations recently, with a drop of 7.6% in a single day on December 1. 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) provide a technical boost? In the medium to long term, can the convenience of "mobile as a wallet" attract a large number of new users? The target given by big shot Tom Lee of $8000-12000 is a question for time to answer. $BNB $XRP