ETH could hit $4,262 if post-upgrade rally continues, says analyst

Ethereum's price surged over 7% in 24 hours, breaking through the $3,200 resistance level immediately following the Fusaka upgrade on Dec. 3, BeInCrypto reported. The outlet noted that the current trend is similar to the market's reaction to the Pectra upgrade in May, when ETH rallied 56% in seven days. If a similar surge occurs, ETH could potentially reach $4,262. However, BeInCrypto also pointed out that from a technical perspective, $3,200 now serves as the first line of support, and a drop below this level could weaken the current market structure.