Pectra

$ETH The last weeks have thrown a shadow of confusion on Ethereum ($ETH ). Rumors of delays are spreading across the network, causing many investors to become anxious. But do not rush to conclusions! Let's clearly delineate the main events.
🎉🤤👀 The main 🎁surprise: #pectra is approaching!
🔹 Remember this date: May 7, 2025, at 10:05 AM Hong Kong time. This is when an important network update #Ethereum called Pectra will take place! This is not just a "cosmetic repair," but a serious upgrade that will make Ethereum more powerful and efficient.

While the cryptocurrency market is looking for growth momentum, Ethereum is sending negative signals in the short term. Transaction fees on the Ethereum network have just dropped to around $0.17 – the lowest level since 2020. This is not a positive sign, but rather a reflection of reality: the number of people transferring ETH and using smart contracts is sharply declining, as investors are cautious in light of recent economic fluctuations.

Ethereum is entering an important testing phase with the Hooli testnet, paving the way for the Pectra upgrade – one of the largest improvements in Ethereum since The Merge. If all goes smoothly, Pectra could officially launch on the mainnet on April 25.

However, despite this event, the price of ETH has not fluctuated much, only increasing slightly by 0.5% in the past 24 hours, currently trading at over 1,900 USD, according to data from CoinGecko.

Hey guys! Have you heard that Ethereum is preparing for another update? This time, the update is called Pectra, and it looks like it will be one of the most significant milestones in the history of the blockchain. Let's figure out what's what.
What is Pectra and why is it important?
Pectra is not just a "new version" of Ethereum. This is a full-fledged improvement that will affect all aspects of the network: from transactions and validators to interaction with smart contracts. The main goal is to make Ethereum faster, cheaper and more convenient for users.
Now, for example, to exchange tokens or perform a complex operation, you need to perform several actions. After Pectra, this can be done in a single transaction, which saves time and money.
Or here, the rewards for validators — previously they were limited to 32 ETH, but now the ceiling will rise to 2048 ETH. This will not only make the reward system more profitable, but also reduce the load on the network.
Scalability and reduced fees
One of the biggest advantages is the increased network bandwidth. Ethereum will be able to process more transactions, which is especially important for mass use. And, of course, commission fees, which sometimes just scare off new users, should also decrease.
How will this affect the price?
An interesting point: any major update is not only a technical leap, but also an event that can affect the price. Ethereum is currently "stalled" a bit, but investors are waiting for a breakthrough. If everything goes smoothly, this update could be a growth catalyst.
When should I wait?
The timing is clear: the update of the main network is scheduled for March 11, 2025, but even before that, the test networks will receive their portion of improvements. The developers are serious, and if there are no failures, everything will go according to plan.
What does this mean for us?
Ethereum continues to evolve, and Pectra is a step towards a more convenient and massive blockchain. Users will be able to perform operations faster and cheaper, developers will get new opportunities for their projects, and validators will receive improved conditions.
Do you think that Pectra Ethereum will help consolidate its leadership among blockchains, or are competitors already breathing down your back?
$ETH #Ethereum #pectra

Testing of the Pectra update for Ethereum starts today on the Holesky test network. This is an important step for the entire ecosystem: developers will be able to test new features before integrating them into the mainnet.
Pectra will bring many improvements: new rewards for validators, support for second-level scaling, account abstraction, and an increase in Ethereum storage. For example, the update will allow validators to receive rewards from their balance up to 2048 ETH instead of the current 32 ETH, which will make their work more profitable.
In addition, there will be support for EIP-3074, which will allow users to make transactions without having to keep ETH in their account. This will simplify interaction with the network and lower the entry threshold for new users.
Ethereum developers have been accelerating the implementation of updates lately. They strive to implement key changes faster so that the network remains competitive and user-friendly. The only question is: how soon will these improvements reach the main network and how easily will the ecosystem adapt to them? What do you think about this?
$ETH #Ethereum #pectra

The important upgrade Pectra of Ethereum has officially been deployed on the Holesky test network on the morning of February 25th as scheduled. However, this network encountered issues that prevented the transaction confirmation (finalization) from completing as expected.
Incident on Holesky Testnet – Cause Still Unknown
Immediately after deployment, Holesky experienced serious issues, preventing transactions from being fully confirmed. The specific cause has not yet been determined, and the development team $ETH is urgently finding ways to fix it.

Ethereum – the leading blockchain for smart contracts – is entering a crucial transition phase. With the Pectra upgrade scheduled for launch on May 7, the core development community has begun to shift its focus to the next upgrade: Fusaka, expected to roll out in 2025.

Pectra: The final stage before the deadline.

In a recent All Core Devs (ACD) meeting, Ethereum development groups reached a consensus:

A new report from Standard Chartered (SC) presents a not-so-positive prediction for Ethereum's price in 2025. According to Geoff Kendrick, Head of Digital Asset Research at the British bank, Ethereum is in a "structural decline" trend and may continue to lose value compared to Bitcoin.

📉 Latest prediction: SC has lowered the target price of

from $10,000 to $4,000 by the end of this year.

📉 ETH has dropped significantly: Since the beginning of the year, ETH has lost 46.7% of its value and decreased by 29.6% in the past month.

After a wait, the developers #Ethereum have officially set the time for the next major upgrade named #pectra , expected to be implemented in March 2025. This is an important upgrade, promising to improve speed, performance, and user experience on the second largest blockchain in the world.
Highlights of Pectra
Pectra combines 8 major Ethereum upgrade proposals (EIPs), of which two notable changes include: