Gate Research: ETH Leads Strong Rally | Macro Improvement and Fusaka Upgrade Serve as Catalysts

Gate Research: On December 4th, BTC consolidated at a high level around the $94k mark after a deep V-shaped rebound. ETH, driven by the dual catalysts of the Fusaka upgrade implementation and macro expectations repair, strongly led the rally. Technically, its three moving averages show a bullish divergence, suggesting a potential continued push toward the $3.3k level. Exchange token GT steadily trended up, following the warming market sentiment. In the mid-to-small capitalization sector, Tradoor (derivatives), BOB (Bitcoin scaling narrative), and SAPIEN (decentralized AI data network) were the top gainers, boosted by factors such as listing incentives, a short squeeze by Korean capital, and the recovery of the AI and robotics tracks, respectively.