#TradeStories #Ethereum
*Current Price:* $1,811.35
*Market Overview:* Ethereum's market capitalization is around $218.07 billion, with a current price of $1,811.35, representing a -1.38% change. The open price was $1,836.76, with a high of $1,850.00 and a low of $1,787.01.¹
*Recent News:*
- *Pectra Upgrade:* Ethereum's Pectra upgrade has been activated, introducing significant changes to improve scalability, security, and user experience. The upgrade includes 11 Ethereum Improvement Proposals ($ETH ) that enhance validator operations, smart contract functionality, and network performance.
- *Smart Accounts:* The Pectra upgrade enables regular Ethereum accounts to be more programmable, allowing users to execute multiple transactions simultaneously and pay gas fees with different cryptocurrencies.
- *Validator Stake Limits:* The maximum effective balance per validator has been raised from 32 ETH to 2,048 ETH, reducing the number of validators needed and improving network efficiency.² ³
*Key EIPs in the Pectra Upgrade:*
- *EIP-7702:* Allows externally owned accounts (EOAs) to be temporarily converted into smart contract accounts, enabling functions like transaction bundling and paying gas fees with alternative tokens.
- *EIP-7251:* Increases the maximum balance for validators from 32 $ETH to 2,048 ETH, reducing the number of validators needed and improving blockchain efficiency.
- *EIP-7691:* Doubles the number of blobs that can be processed per block, allowing Ethereum to handle more data and process it more efficiently.
