What to anticipate from the upcoming Fusaka Upgrade

The Ethereum Fusaka upgrade is set to launch in just two days... Here’s what we can look forward to. - Running nodes will become less expensive. - Gas fee limits are going up to 60M per block. - Layer 2 solutions will be paying higher fees to the main chain, which should help burn more ETH. What are your thoughts? Do you think this will impact the price in any way?

Does this means that people that are using the layer 2 will pay more fee? Because if layer 2 will pay more fee to the main chain, that means the layer 2 users will be the ones that will bear the burden. What I heard about Fusaka upgrade is that it will make the layer 2 much more cheaper, reducing the bandwidth requirements for node operators through PeerDAS (Peer Data Availability Sampling), and higher block gas limits to handle more transactions. I think it is more about layer 2. It was said it can reduce layer 2 transaction fee by 40 to 60%.

Charles-Tim Do you think this will have any good impact on Ethereum price? Are we not already in a bear market? Many people expected December to be a bullish month but it looks like it won't change anything. Should one be hoping or better get ready for accumulation in this bear market to prepare for the coming years. What's your best advice for altcoin investors right now?

I do not know if this will have good effect on ethereum price but normally such upgrade should not be a good reason ethereum price supposed to increase. It is also very possible that we are already in bear market but we are not yet certain. If bitcoin price continues to fall, ethereum will follow and fall more in price. This is not a good time to buy ether in my own opinion, but I may not be right.

Why don't you answer @Charles-Tim's question first, so that others who are reading including our fellow members here on this forum platform can also gain clarity? To be honest, I'm not familiar with this "Fusaka upgrade" you're referring to, OP. However, my fellow member does have a valid point. So if possible, I’d appreciate it if you could address that first. Now, regarding your question of whether we’re already in a bear market or still in a bull run truth is, no one can really confirm for sure what phase we’re currently in, because most are still waiting for the altcoin season to truly unfold.

Do not mind the way I posted it like a question, it is a rhetorical question. He knows that what I posted was right, the reason he did not answer it. Some people are still waiting for altseason with how the market is right now? I do not think so. There was a time this altcoins discussion board was used by many people to ask such questions continuously but they are not asking the question about altseason anymore. There was altseason that many people did not see as altseason, so no altseason.

If that's true, that kind of change may be able to push more value and fee revenue into ETH and make the narrative or burning stronger. We will see how it goes.

He knew the answer already, he said it out loud that layer2 will bear the burden and that's true, it is the same thing that everyone is saying online, I think layer 2 will have to do better because now users have no reason to go layer 2 again if Ethereum is going to provide a cheaper option, the biggest reasons why those layer 2 existed was all because of fee, they claimed to offer cheaper fee and now ETH is fixing it. Layer 2 projects have to do better now, they need to do more than just fast and cheap transaction fee that they offered.

I don't even have an idea that there's going to be this upgrade. I've learned that Vitalik tweeted about L1 and people can still build in it. But maybe this has something to do with it. If this is one effect of it, this could lead these L2s to make their own mainnet then.

This is incorrect, data capacity increase for blobs will allow L2 to post more bundled transactions to mainnet which mean L2 can become cheaper. This upgrade is expected to make L2 much more cheaper than it is right now, although it's already cheap. If chain become cheaper and more people switching from blockchain like SUI or Solana to ETH. Then it might cause the price to increase as well.

I want pow back.

A few days after Fusaka went live and there's nothing improved. The price is stagnant, and no FOMO happened triggered by this update. It's caused by there's nothing special from Fusaka. We have been waiting for the scalability upgrade, but it's always being delayed. At this point i started to believe any ethereum update won give impact to the price. The inflation rate is still high, though ethereum has increased its burn rate through L2 fees. Things changed when people ain't care with the tech, and they're putting all of their focus on the fundamental like the adoption of ethereum.

Short-term speaking? Maybe, maybe not. The previous Dencun upgrade promised cheaper L2 fees, yet market prices remained stagnant for a while. There's not much momentum to keep market prices afloat. The spot ETFs haven't been helping, as institutional investors prefer BTC instead due to its store of value properties. ETH's switch to PoS has made it centralized, unfortunately. So whales can now do whatever they want with it. Besides, there are competitors with a lot of buzz these days. Solana and BNB are one of them. These platforms provide an easy way to get access to popular "meme" coins. Especially with their ultra-low fees and blazing-fast confirmation times. What's keeping ETH at the top is none other than first-mover advantage. Despite the switch to PoS, it's still considered one of the most decentralized cryptocurrencies of its kind. I hope Vitalik and team focus on the betterment of ETH's decentralization, instead of just scaling it. We'll see what happens in the long run.

It will going to attract more investors to do anything possible to invest in this project because investors like to invest in a project that is favorable in the market, since is the etherium blockchain investors will consider the nodes cheaper because they know it will help them to gather enough that will attract them in the future, what ever display any  project teams will display to create awareness to investors to see what they have not see before in the crypto market, it move some investors to invest what they can afford to lose in the project because they are not reliable to make a huge amount of funds from the project.