🚀 $ETH Ethereum's Pectra Upgrade Set for May 7, 2025​

Ethereum is gearing up for its significant Pectra upgrade, scheduled to go live on May 7, 2025. This upgrade combines features from the "Prague" and "Electra" development phases, aiming to enhance the network's performance and user experience. ​

Key Features of the Pectra Upgrade:

EIP-7702: Introduces smart contract capabilities to standard Ethereum accounts (EOAs), enabling functionalities like transaction batching and social recovery. ​

Increased Staking Cap: Validators can now stake up to 2,048 ETH, reducing network load and boosting staking rewards without fragmentation. ​

Enhanced Scalability: Doubling blob capacity per block to improve Layer 2 scalability and network throughput, leading to faster and more cost-effective decentralized application (dApp) performance. ​

Despite these advancements, market analysts have adjusted their forecasts. Standard Chartered has revised its 2025 ETH price prediction from $10,000 to $4,000, citing structural challenges and the impact of Layer 2 solutions diverting value from Ethereum's mainnet. ​

As Ethereum continues to evolve, the Pectra upgrade represents a pivotal step towards a more scalable and user-friendly blockchain ecosystem.​

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