Ethereum Shatters $3,000 Barrier as Fusaka Upgrade Fuels Market Frenzy
Ethereum rockets past psychological resistance level in pre-upgrade surge
The Technical Catalyst
Fusaka's protocol enhancements drive institutional interest while retail traders scramble for position. Network upgrades promise faster transaction speeds and reduced gas fees—exactly what the ecosystem needs during peak DeFi activity.
Market Psychology at Play
Traders pile into ETH positions ahead of scheduled hard fork. Historical patterns show Ethereum typically rallies before major network upgrades—but this momentum feels different. The $3,000 breakthrough signals renewed institutional confidence despite regulatory headwinds.
What the Charts Reveal
Technical indicators flash bullish signals across multiple timeframes. Resistance levels crumble as volume spikes 40% above monthly averages. Options markets price in continued upside through quarterly expirations.
The institutional money finally wakes up to what crypto natives knew years ago—though they'll probably take credit for the 'discovery' during next quarter's earnings calls.
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Analysts’ Views Ahead of CRWD’s Q3 Earnings
Heading into Q3 earnings, D.A. Davidson analyst Rudy Kessinger increased the price target to $580 from $515 and reiterated a Buy rating. The 4-star analyst expects the company to deliver a solid beat-and-raise. Further, he expects continued strength in net new annual recurring revenue (NNARR) to boost investor confidence that CrowdStrike will deliver the targeted 20% year-over-year growth in NNARR in Fiscal 2027.
While Kessinger raised his price target to reflect his Optimism about CrowdStrike’s long-term growth stock, he is not sure if Q3 results will drive the stock higher over the near term, given that it has outperformed the iShares Expanded Tech-Software Sector ETF (IGV) by about 23% since the September Investor Day. Also, valuation remains elevated compared to peers.
Meanwhile, Guggenheim analyst John DiFucci reiterated a Hold rating on CrowdStrike stock. While the analyst sees risk to the company’s Q3 and full-year Fiscal 2026 overall revenue, he thinks that ARR expectations seem achievable for both these periods. DiFucci’s field checks this quarter and pipeline expectations continue to “lean more positive.” He added that based on his discussions with partners, it is clear that CrowdStrike remains the dominant player, with traction for Falcon Flex gaining steam.
DiFucci sees a significant opportunity for CRWD to penetrate the U.S. Federal government vertical and boost its revenue, though as of now, new ARR from this source is less than 1% of his “Plausible” new ARR estimate for the quarter. Despite several positives, DiFucci is neutral on CRWD stock due to valuation concerns. He highlighted that CRWD stock is trading at 24x Enterprise Value (EV)/NTM (next 12 months) subscription revenue and more than 100x his EV/NTM free cash flow, one of the highest multiples in his coverage.
Is CRWD Stock a Buy or Sell?
Currently, Wall Street has a Moderate Buy consensus rating on CrowdStrike stock based on 27 Buys, 12 Holds, and one Sell recommendation. The average CRWD stock price target of $542.08 indicates 8.1% upside potential.
