Ethereum price approaches a key technical breakout, trading at around $3,141, near the upper bound of the descending wedge. Recent Fusaka upgrade and seasonal factors are driving network growth, with new addresses increasing by approximately 110% daily to about 292,000. However, as the price nears the breakeven point, mid-term holders who purchased between July and October 2025 may exert selling pressure.
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Ethereum price approaches a key technical breakout, trading at around $3,141, near the upper bound of the descending wedge. Recent Fusaka upgrade and seasonal factors are driving network growth, with new addresses increasing by approximately 110% daily to about 292,000. However, as the price nears the breakeven point, mid-term holders who purchased between July and October 2025 may exert selling pressure.