On May 7, 2025, the Pectra update was successfully activated on the Ethereum network — the largest since The Merge in 2022. It includes 11 improvements, notably EIP-7702, which allows converting regular wallets into 'smart' ones, simplifying transactions and paying fees with other tokens. EIP-7251 increases the staking limit for validators from 32 to 2048 $ETH , which may reduce the load on the network and attract more participants. The update also enhances scalability and reduces fees through Verkle trees and data optimization.
Although historically, updates like The Merge or Dencun have not always led to an immediate increase in ETH price, analysts predict a potential breakout to $3200–$3500 after Pectra, provided there is an increase in investor confidence and demand for DeFi and NFTs. However, market volatility and regulatory uncertainty may hinder growth. At the time of launch, ETH is trading at $3168.
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