Ethereum price rose 3% over the past 24 hours, trading at $3,160 as of 3:52 a.m., while trading volume increased 165% to $26.3 billion.
The rise in ETH price comes as Vitalik Buterin proposes a new on-chain futures market for gas fees, allowing users to lock in transaction fees for future periods rather than guessing what they might pay if the network becomes busy.
We need a good, reliable on-chain gas futures market.
(Like a prediction market on the BASEFEE)
I’ve heard people ask: “Today the rates are low, but what about in 2 years? You say they will stay low because of the rising gas limit of BAL + ePBS + later ZK-EVM, but do I believe you?”…
— vitalik.eth (@VitalikButerin) December 6, 2025
The proposal aims to make gas prices more stable and transparent for traders, developers and institutions
Under this model, large users would be able to purchase contracts that secure a base fee for blockspace upfront, similar to how oil or grain futures work in traditional finance. Proponents say this could make gas a more predictable input cost.
This could encourage larger companies and DeFi protocols to build and scale Ethereum, with less worry about sudden rate spikes.
Average Ethereum fees have trended lower in 2025, but remain volatile. Basic transfers now cost about a cent, while more complex transactions range from a few cents to less than a dollar.
Buterin argues that a futures market would not only help users hedge this volatility, but also provide clear signals about long-term expectations for network costs.
Ethereum Price Signals Rising Confidence
On-chain data shows that the Ethereum network continues to handle stable activity and all reimbursements remain low compared to previous bull markets. Analytics platforms report that average transaction fees this year have fluctuated between about $0.18 at the low point and about $2.60 at the high point, before recently moving closer to $0.30.
At the same time, cheaper and more predictable fees have helped keep DeFi, NFT, and layer 2 activity healthy. Many merchants and app users switch between mainnet and rollups based on cost and speed.
Any future ability to lock in gas prices could support this trend by making it easier for protocols to plan big launches, token distributions, or heavy trading days without worrying about unexpected spikes in fees.
Exchange data also shows that some ETH continues to move from centralized platforms into self-custody or staking. A pattern often associated with longer-term holding rather than short-term selling.
Ethereum is consolidating below resistance in the Key Fib accumulation zone
Ethereum price is trade around $3,160. After rising from a late November low around $2,700, the price is now below both the 50-day and 200-day moving averages. Which clusters just above the price in the $3,350-$3,550 zone.
This area, along with a descending resistance line from the March peak, presents a strong barrier for bulls to overcome to signal a more confident uptrend.
The Fibonacci retracement levels, drawn from the cycle low around $1,378 to the recent high around $4,957, show the price hovering just above the 0.5-0.618 zone of the previous rally. This suggests that this region acts as a medium-term accumulation band
ETHUSD Chart Analysis Source: Tradingview .
If buyers manage to push ETH above the 50-day SMA near $3,356 and then reclaim the 200-day SMA around $3,544, the path opens for a move towards mid-channel resistance around $3,950 and then to the previous high area around $4,950.
The daily RSI is just above 50, indicating that the recent 3% pump has shifted some control back to the bulls without pushing the market into overbought territory.
The MACD line is attempting to move up from negative territory, which if confirmed would support the case for a gradual trend reversal, while the ADX around the mid-30s suggests a new directional move could be building strength.
Key supports remain in place as bulls target $3,500-$4,000
In the short term, the key support is around $3,000, with recent consolidation and a small horizontal level aligning. Followed by stronger support around $2,740 near the lower limit of the ascending channel and the 0.618 Fib area.
As long as ETH price remains above this band, dips could attract new buyers who see the gas futures proposal and continued network improvements as reasons to position themselves for a possible return to $3,500 and possibly $4,000 in the coming weeks.
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