🚨ETHEREUM PECTRA #UPGRADE GOES LIVE MAY 7
🔹Ethereum’s Pectra upgrade launches next week, aiming to boost staking efficiency and user experience.
🔹feature EIP-7702 allows wallets to act like smart contracts, enabling gas sponsorship and token-based fee payments.
🔹Staking upgrades allow up to 2,048 ETH per validator, appealing to institutions.
🔹$ETH currently trades at $1,813, still down 56% from its December 2024 peak.
🔹Analysts suggest ETH may have bottomed, with RSI breakout indicating trend reversal.
🔹Burn rate at historic lows (~70 ETH/day); renewed activity could accelerate ETH burn and reduce supply.
🔹Market watchers see Pectra as a potential narrative catalyst amid the ongoing bull cycle.
