#美联储联邦公开市场委员会决议 Ethereum breaks through the 3131 level. Looking back at the market performance during previous major upgrades is quite interesting. During the Byzantium upgrade, the price increased by 367%; during the Berlin upgrade, it rose by 173%; and the Cancun upgrade even doubled. The logic behind this is actually not complicated—each upgrade is accompanied by a reshaping of ecosystem expectations. What’s different this time is that the upgrade cycle is compounded by changes in the macro liquidity environment. The signals released by the Federal Reserve's policy shift, combined with the optimization of Ethereum's fundamentals, create a certain resonance. Historically, such dual-driven cycles often create considerable upward potential. Of course, any technical breakthrough is worth continuously monitoring to see if it can stabilize afterward.