๐ Ethereum's Pectra Upgrade: What's Next for ETH Price? ๐
Key Takeaways ๐ค
๐น*Reclaiming $2,200*: ETH's first price challenge after the Pectra upgrade ๐ธ๐น*Network Activity Surge*: Increased DApp and Ethereum network activity could boost ETH price ๐
๐น*Pectra Upgrade*: Aims to enhance scalability, security, and user experience on the Ethereum network ๐
Market Analysis ๐
๐น*Current Price*: ETH is trading at $1,794.79, with a 0.86% increase in the last 24 hours ๐ฐ
๐น*Futures Premium*: ETH futures premium remains below 5%, indicating a lack of appetite from leveraged bulls ๐
๐น*Network Activity*: Ethereum's layer-2 solutions need to improve to compete with other blockchains like Solana and BNB Chain ๐
What's Next? ๐ค
๐น*Increased Adoption*: If the Pectra upgrade leads to more DApp and network activity, ETH price could recover ๐
๐น*Future Upgrades*: Ethereum's roadmap includes further upgrades like Fusaka and Verkle trees, which could impact ETH price ๐ง