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Ten-League's 15min chart sees SMA50 turn downward, raises concerns.
ByAinvest
Tuesday, Sep 23, 2025 4:04 pm ET1min read
Ten-League's 15-minute chart has exhibited a significant shift in market sentiment, as the Simple Moving Average (SMA) for 50 days has turned downward, while the 20-day moving average has turned upward. This indicates a change in market dynamics, with sellers gaining control and exerting downward pressure on the price in the mid-term.
Ethereum (ETH) has seen a significant development with the announcement of its next major upgrade, Fusaka. The Ethereum core developers have set December 3 as the tentative date for the mainnet rollout of Fusaka, which aims to enhance data optimization, increase gas limits, and expand blobspace [1].Fusaka consists of 12 Ethereum Improvement Proposals (EIPs) and is expected to introduce improvements in data verification, storage optimization, and smart contract execution. The upgrade will also aim to more than double the network's blob capacity within two weeks after activation [1].
The market sentiment for Ethereum has shifted recently, with the 50-day Simple Moving Average (SMA) turning downward and the 20-day SMA turning upward. This indicates a change in market dynamics, with sellers gaining control and exerting downward pressure on the price in the mid-term .
Despite the stated timelines for Fusaka, there is no guarantee that all targets will be met due to potential challenges during testnet upgrades. Crypto researcher Christine Kim noted that the odds of the testnet upgrades going smoothly are 50/50, considering several bugs under investigation and fixes pending in Ethereum clients [1].
Ethereum co-founder Vitalik Buterin has also been addressing concerns regarding the network's validator queue design, with the waiting time for investors to unstake their assets climbing to 43 days [1].
Ethereum's price has been volatile, with the coin experiencing $89.8 million in futures liquidations over the past 24 hours. The Relative Strength Index (RSI) and Stochastic Oscillator (Stoch) are trending downward, indicating a weakening bullish momentum [1]. Ethereum is currently retesting the 20-day SMA after facing a rejection around $4,620 on Thursday. If it fails to hold the 20-day SMA, it could find support around the 50-day SMA near $4,300 [1].
The market's focus remains on the successful implementation of the Fusaka upgrade and how it will impact Ethereum's long-term growth and scalability.
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