Ethereum is set to launch its highly anticipated Pectra upgrade on May 7, 2025, aiming to boost performance and slash transaction costs. As of today, ETH trades at $1,818, with a 12% spike in 24-hour trading volume. Investors are optimistic that Pectra could propel ETH past the $2,000 resistance level, a milestone not seen since early 2025.
Ethereum Prepares for Pectra Upgrade
The Pectra upgrade optimizes Ethereum’s layer-1 and enhances interoperability with layer-2 solutions like Arbitrum and Optimism, reinforcing its dominance in DeFi and NFTs. However, Ethereum faces growing competition from Solana and other blockchains, with its DeFi market share dropping to 54% from 70% in 2023. Will Pectra restore ETH’s former glory?
Key features of Pectra:
- Lower fees: Optimized gas mechanisms to reduce user costs.
- Faster transactions: Improved throughput on the mainnet.
- Developer tools: New resources for building cutting-edge DApps.
Look out more at Ethereum Pectra Upgrade: Sepolia Testnet Milestone and Ethereum Devs Launch Hoodi Testnet For Pectra Upgrade
With ETH’s RSI at 65, nearing overbought territory, investors should brace for potential volatility post-upgrade. The next 48 hours will be critical for ETH’s price action. If you’re betting on Ethereum’s comeback, now’s the time to watch closely. What’s your prediction for ETH post-Pectra?
MevX is your news source. Stay tuned for the latest!
