Ethereum Pectra Upgrade is About to Erupt: Can the Network Transformation Drive ETH Beyond $2,000?
Ethereum is about to welcome one of its most influential upgrades in history—the Pectra upgrade. Scheduled to go live on May 7, 2025, this upgrade is regarded as a pivotal moment that could change the entire Ethereum ecosystem, with developers and investors closely monitoring this significant event.
Pectra Upgrade: 11 EIPs Will Reshape Ethereum Core
The Pectra upgrade consists of two phases, 'Prague' and 'Electra', and brings 11 Ethereum Improvement Proposals (EIPs), with the most notable being EIP-7702, which allows regular Ethereum accounts to execute smart contract code, enhancing wallet functionality; EIP-7251 raises the staking limit for validators to 2048 ETH, simplifying asset management; while EIP-7594 enhances Ethereum's scalability by increasing block data volume, reducing transaction fees.
In addition, Pectra will enhance support for zero-knowledge technology, providing guarantees for privacy transactions, which is particularly significant for private trading projects.
Pectra Upgrade Timeline: From Testing to Mainnet
Work on the Pectra upgrade began at the end of 2024, with the original planned release postponed to 2025 for further testing. After multiple adjustments and fixes, May 7 was confirmed as the mainnet launch date. Although market sentiment has fluctuated before the upgrade, users do not need to take special actions, just stay tuned for the latest developments.
Signs of ETH Price Breakthrough: Approaching $2,000
Currently, the ETH price is around $1,767, and analysts expect the Pectra upgrade could serve as a catalyst for the price to break through $2,000. Technical charts indicate that ETH has strong support between $1,754 and $1,765, and after breaking the upper limit of $1,855, the price is expected to rise to $1,949 or even $2,100.
As the Pectra upgrade approaches, market anticipation is building, and many analysts believe this transformation will lead to a significant price surge.
