Ethereum's Fusaka Upgrade Critical for Price Breakout Above $3,120
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Technical Resistance Analysis: Ethereum currently faces a critical resistance level at $3,120, and a confirmed breakout could trigger short liquidations and accelerate upward momentum, shifting focus toward the $3,570 Fibonacci retracement target.
- Market Pullback Risk: Failure to clear the $3,120 level may lead to a pullback toward $2,720, indicating that the market remains range-bound rather than transitioning into a sustained uptrend.
- Importance of Fusaka Upgrade: This upgrade is pivotal for Ethereum's Layer 2 transaction throughput and fee efficiency; if successful, it could reinforce Ethereum's position as the dominant execution and settlement layer, supporting long-term demand for ETH.
- External Risk Factors: Regulatory uncertainty and staking centralization pose significant risks, particularly with the SEC's decision on Ethereum ETF matters expected in Q1 2026, which could impact institutional participation.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
