Ethereum rebounds strongly, surges above $3,200—what signals are the technicals sending?

After two days of consolidation, Ethereum surged today, with the price breaking above $3,200 and an intraday gain of over 7%. This breakout marks a successful reclaim of the key resistance zone ($2,900–$3,000) mentioned yesterday and a return to highs not seen since mid-November.

Analysis of rebound drivers: This rally is not an isolated event. On one hand, Bitcoin, as the market leader, also strengthened, breaking above $94,000 and boosting overall market confidence. On the other hand, the core driver comes from the Ethereum network itself, as the Fusaka upgrade was officially activated today—a major bullish catalyst that directly stimulated buying interest.

Short-term observations: Whether the price can hold above $3,200 and challenge the previous high (around the $3,300 region) will test the strength of this rally. Sustained expansion in trading volume is a key focus for Ethereum; stay tuned for ongoing updates and trading recommendations.