Ethereum Price Forecast: JPMorgan sees post-Fusaka activity surge fading

January 22, 2026

Ethereum’s (ETH) Fusaka upgrade last December has seen fees plummet to new lows while sparking a surge in transaction counts and active addresses. However, that growth may not last, according to a Wednesday note by JPMorgan analysts led by Nikolaos Panigirtzoglou.

 

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