Ethereum Tops $3K as Fusaka Upgrade Launches: How High Can ETH Go?
Ethereum surged above $3,000 on Wednesday, reversing nearly 10% in 24 hours after several days of sideways consolidation and weakening sentiment. The price move coincided with the launch of the Fusaka upgrade, and market participants pointed to the activation—alongside a broader pickup in risk-on flows—as the immediate catalyst that pulled buyers back into ETH.
Hitting $3,000 is a meaningful psychological milestone and a test of whether post-upgrade optimism can produce sustained inflows. Short-term direction will likely depend on trading volumes, on-chain activity and macro headlines; if momentum holds, ETH could attempt to reclaim higher resistance, but traders remain cautious until follow-through is confirmed. Investors will be watching Fusaka’s initial network metrics for signs the upgrade reduces uncertainty and supports further upside.