#美国证券交易委员会推进数字资产监管框架创新 $ETH breaks through the 3131 level. A closer look at Ethereum's upgrade history reveals a pattern—during the Byzantium upgrade, it increased by 367%, during the Berlin upgrade, it surged by 173%, and during the Cancun upgrade, it doubled directly. This upgrade cycle, combined with macroeconomic interest rate cut expectations, indeed provides some support for market sentiment. From a technical perspective, upgrades often release developer expectations and ecological vitality, and the market usually reacts in advance. Of course, whether the previous gains can be sustained depends on the actual application implementation later on. However, from a historical comparison, similar cycles are indeed worth paying attention to.