The Ethereum Pectra upgrade is approaching, and the market focus is on price fluctuations

As the Pectra upgrade on May 7, 2025, draws near, Ethereum (ETH) remains in the price range of around $1,800, attracting market attention. The Pectra upgrade is expected to significantly enhance Ethereum's scalability, reduce transaction fees, and improve user experience, thus investors and analysts are highly attentive to price trends and market reactions.

This upgrade will focus on improving the scalability of validators, reducing the costs of second-layer transactions, and optimizing smart contract wallets. Ethereum co-founder Vitalik Buterin and the Ethereum Foundation have played important roles in this upgrade, indicating its strategic significance. To ensure network stability, exchanges like Coinbase have announced the suspension of ETH deposit and withdrawal services.

Ethereum's price has historically fluctuated during protocol upgrades, and it has experienced negative growth for five consecutive months. According to Changelly's forecast, the average price of Ethereum in May is expected to reach $2,140.91, although some analysts have pointed out that prices may face downward pressure. With the broad impacts of the Pectra upgrade, particularly in reducing transaction fees and enhancing scalability, it is expected to drive the future price trend of ETH and further development of network functionalities.