The upcoming Fusaka upgrade, scheduled for November, is designed to enhance Ethereum's network performance and reduce transaction costs, complementing the recent GKR protocol improvements that enable faster cryptographic proof processing.

This combined upgrade effort aims to address long-standing scalability issues, making Ethereum more attractive to both developers and users by increasing throughput and lowering gas fees.

The GKR protocol significantly improves cryptographic verification by enabling transactions to be validated in logarithmic time, which helps reduce network congestion and computational load.

As a result of these technological advancements, institutional investors like BitMine are increasing their ETH holdings, reflecting growing confidence in Ethereum's long-term growth.

Meanwhile, Ethereum's price has already surged by nearly 5% in the past 24 hours, outperforming Bitcoin's 3.7% rise, signaling rising market optimism.

Analysts remain bullish on Ethereum’s future, with some predicting the cryptocurrency could reach $10,000 in this market cycle, supported by recent price gains and increased institutional interest.