Ethereum (CRYPTO: ETH) surged to $3,200 for the first time since April 2022, up 3.6% on the day. The network awaits its Dencun upgrade in mid-March and a possible Ether spot ETF approval in May. What Happened: The Dencun upgrade in March, Bitcoin halving in April, and the spot Ether ETF decision in May are potential factors fueling the price rally in Ethereum. The upgrade will address some of the scalability problems and introduce proto-danksharking to the network, improving its speed and making it more economical to use through Layer-2 solutions. Ethereum is following Bitcoin’s bullish trajec…

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