The Ethereum Pectra upgrade is approaching early next month. This is an important upgrade for Ethereum.

There are quite a few changes, some of which include enhancements to user experience. For example, the Pectra upgrade supports gasless transactions for users, which will unlock more application scenarios, such as users using applications for free, and even users being able to use applications without ETH, as third parties can cover the costs.

This is beneficial for attracting early users, especially since some applications can subsidize early users to achieve a cold start.

Additionally, it supports batch transactions (multiple operations bundled into one transaction, requiring only one signature), which can reduce the complexity of user operations. And so on. In short, lowering the user threshold will help in onboarding new users and unlock more application possibilities, giving rise to new gameplay.

However, these changes are long-term and will require a long time to accumulate before they can produce positive feedback for the development of the ecosystem; for a long time, Ethereum's price will still rely on emotions and capital for driving.