Ethereum price reclaims $3K as spot ETH ETFs record fourth straight day of inflows

Bhutan has allocated $970,000 in Ethereum for staking, marking a significant step in the country's strategic embrace of blockchain technology. This investment is expected to enhance Bhutan's digital infrastructure and foster innovation within its economy.

Ethereum is currently retesting key resistance levels after a notable correction, with analysts anticipating the upcoming Fusaka upgrade on December 3 as a potential catalyst for a rally. This follows a challenging November where Ethereum faced a 26% decline amidst broader market pressures.

DWF Labs has launched a $75 million fund aimed at accelerating the development of decentralized finance (DeFi) infrastructure, targeting next-generation projects across various blockchain platforms including Ethereum, BNB Chain, and Solana. This initiative reflects a growing commitment to enhancing the DeFi ecosystem and supporting innovative financial solutions.

Bitcoin has reclaimed the $91,000 zone after experiencing a significant 30% drawdown from its all-time highs, leading to a split among analysts regarding whether this consolidation indicates a recovery or a deeper bear phase. Analysts are closely monitoring on-chain data and market signals as Bitcoin's price fluctuates around this crucial level.

Ethereum has raised its block gas limit to 60 million as the network prepares for the upcoming Fusaka upgrade, which is anticipated to enhance its capacity and efficiency. Co-founder Vitalik Buterin expressed optimism about continued growth, emphasizing the need for smarter adjustments to avoid new bottlenecks.

Ethereum (ETH) is attempting to recover from a recent market correction, with analysts suggesting a potential end-of-year rally that could see prices jump by 50% in December. The cryptocurrency is currently retesting the $3,000 mark after experiencing a 4.4% daily surge, although it has faced resistance in reclaiming this level.

Kaspa's price has broken out of a long-standing descending trendline, indicating a potential bullish reversal with a target of 55% upside. This breakout follows a significant rally of over 40%, suggesting renewed investor interest and confidence in the cryptocurrency.

Solana's price has stabilized around the critical support level of $143 following a multi-week decline, with analysts observing neutral momentum and anticipating either a relief bounce or a further drop to lower support levels. The cryptocurrency has faced significant fluctuations, trading recently above $130 after a notable decline from its previous highs.