Ethereum Gains Over 5% After Fusaka Upgrade: Technical Analysis

Ethereum (ETH) has experienced a significant upward movement in price following the activation of its highly anticipated Fusaka upgrade on Wednesday. The price is now trading close to a two-week high, surpassing $3,200 and extending a rebound from the 20-day simple moving average (SMA). This surge comes after a major network update aimed at boosting scalability for Ethereum.