The Pectra upgrade for Ethereum is complete and live on the Ethereum mainnet. The impact of the upgrade on the mainnet health will be monitored for 24 hours.
With the Pectra upgrade, the Ethereum blockchain will be more scalable and have lower fees. Higher staking limits for nominators have also been added to this upgrade. There are many other innovations. We will see the impact of all these innovations over time.
The price of $ETH is above $1,800. If the Pectra upgrade goes smoothly, it could impact the $ETH rally.
When Ethereum starts its rally, the $5,000 level will be tough to reach. In a market where Bitcoin is at $100,000, it will not be a surprise if Ethereum breaks above $5,000. Get ready for some big rallies on $ETH. It will start soon...
