Ethereum Pectra Upgrade Approaches: A New Dawn for the Cryptocurrency Market
After experiencing a 45% price drop in the first quarter, Ethereum (ETH) seems to be quietly preparing for a glamorous comeback. The key to this comeback may lie in the highly anticipated Pectra upgrade. According to the latest news, the Pectra upgrade is expected to complete final testing on May 7, 2025, and officially launch on the mainnet.
The Pectra upgrade is a combination of two improvement packages, Prague and Electra, covering 9 Ethereum Improvement Proposals (EIPs). The implementation of these proposals aims to simplify the onboarding process for new traders while attracting more institutional investors, further solidifying Ethereum's position as the second-largest blockchain in the world.