Ethereum has experienced a remarkable resurgence, with its price climbing over 50% in just three weeks, largely attributed to the successful implementation of the Pectra upgrade.
After months of trading below $2,000, $ETH surged past this threshold following the activation of Pectra on May 7 2025. The momentum continued, with the price exceeding $2,500 by May 10 and briefly touching $2,750 on May 29 2025 marking a significant rebound from its pre-upgrade levels.
The Pectra upgrade, Ethereum’s most substantial since the 2022 Merge, introduced 11 Ethereum Improvement Proposals (EIPs) aimed at enhancing scalability, user experience, and staking flexibility. Notably, EIP-7702 enables externally owned accounts to function as smart contracts, allowing for features like gas fee payments in stablecoins and sponsored transactions. EIP-7251 increases the validator staking limit from 32 ETH to 2,048 ETH, simplifying operations for large-scale validators. Additionally, EIP-7691 boosts the number of data blobs per block, improving layer-2 scalability and potentially reducing transaction fees.
Two Addresses Control Over 45% of #Ethereum Validator Nodes Post Merge
The 2 addresses had a share of 28.97% and 16.18% of nodes validated post-merge with the top 10 addresses in the list representing 65% of the total share of validating nodes.https://t.co/M4lbcxxnHY
— BitKE (@BitcoinKE) September 28, 2022
These enhancements have revitalized the Ethereum community, restoring confidence among developers and investors. The Ethereum Foundation’s recent leadership changes and a renewed focus on Layer 1 scaling and user experience have further contributed to this positive sentiment.
In a significant development for the African Ethereum community, over 100 core Ethereum contributors gathered in Kenya in May 2024 for the Nyota Interop Week. This event focused on cross-client interoperability, Verkle tree implementation, and PeerDAS advancements, underscoring Ethereum’s commitment to global inclusivity and technical progress.
ETHEREUM | Ethereum Client, Testing and Research Global Teams Gather in Kenya for the Nyota Interop Week-Long Event
“Ethereum client, testing and research teams from around the world gathered together for a week of intense work on the Pectra network upgrade, PeerDAS and the… pic.twitter.com/hULqObYI3M
— BitKE (@BitcoinKE) May 27, 2024
As of May 31 2025, Ethereum (ETH) is trading at approximately $2,520, reflecting a slight decrease from the previous close.
The Pectra upgrade marks a pivotal moment for Ethereum, signaling a renewed trajectory towards scalability, efficiency, and user-centric innovation.
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