This analysis discusses the Ethereum Fusaka upgrade and its potential to change the economics of the second-largest cryptocurrency. Ethereum has been called slow, expensive, and outdated, leading to a narrative of Ethereum being dead. However, the Fusaka upgrade, activating on December 3, 2025, includes a dozen Ethereum Improvement Proposals (EIPs) with PeerDAS being a main focus. It facilitates faster scaling and reduces costs for Layer 2 networks, potentially decreasing Layer 2 transaction costs by 40-60%. The speaker mentions futures volume on the CME, staking ETFs, and rekindled super-cycle debates, with the ultimate analysis target set at 7500.00 by the end of 2025. The CME future volumes for ETH passed BTC showing institutional interests on ETH. The report says that L2 transaction fees were to drop 40-60% as roll ups such as arbitrum, optimism, and base benefited from increased data availability.