$ETH and $BTC Ethereum and Bitcoin might be heading for a big move soon. According to a popular trading tool called Bollinger Bands, the price difference between ETH and BTC (shown in the ETH/BTC chart) is currently squeezed into the tightest range since June 2020. When the bands get this tight, it usually means the market is building up energy — and a burst of volatility is likely coming, either up or down.

This squeeze is happening just as Ethereum’s big “Pectra” upgrade is about to go live on May 7. The upgrade is expected to improve Ethereum’s scalability and how validator nodes work.

Here’s what’s changing with the upgrade:

Validators will be able to stake up to 2,048 ETH, up from the current 32 ETH.

The number of "blob" data units per block will increase from 3 to 6, which helps Layer-2 networks like Arbitrum and Optimism that rely on these blobs.

It also introduces a new format for smart contracts (called EOF) that could make Ethereum more efficient.

Analysts say this could boost activity across Ethereum’s ecosystem, especially for DeFi, NFTs, and blockchain games. So if you're watching ETH or BTC, now might be a good time to stay alert — things could get exciting very soon.