Ethereum Reaches Three-Week High of $3,230 as Large Holders Accumulate Following Fusaka Upgrade

Ethereum’s price surged to a three-week high of $3,230 on Thursday, driven by large holder accumulation following the blockchain’s recently implemented Fusaka upgrade. The bullish movement marks the highest point since mid-November and coincides with an impressive 190,000 new Ethereum wallets joining the network in a single day. Wallets holding between 1,000 and 10,000 ETH were identified as key drivers behind this price surge according to Santiment, a leading on-chain analytics platform.