Could the Fusaka Upgrade Light the Fuse for a Pectra-Like 56% Ethereum Price Rally?

Ethereum's price has recently climbed over 13% ahead of the Fusaka upgrade, which aims to improve transaction efficiency. Analysts are comparing the current market conditions to those preceding the Pectra upgrade in May 2025, which resulted in a 56% rally over seven days.

The bullish comparison is based on a technical pattern: a bullish divergence where Ethereum made a lower low between November 4 and December 1, while the Relative Strength Index (RSI) formed a higher low, mirroring the setup before Pectra. Furthermore, large holders are accumulating, with the number of addresses holding over $1 million increasing by 4.68%, indicating significant capital inflow.

For a Pectra-like extension to occur, Ethereum must clear the key resistance and supply cluster between $3,154 and $3,179, aligning with the $3,166 resistance level. A clean daily close above $3,166 could open the way for a push toward $3,653, potentially leading to a 56% rally targeting $4,262. Conversely, losing the $2,996 support level would invalidate the bullish structure.

(Source：BeInCrypto)