#StripeStablecoinAccounts Ethereum returns to levels seen at the beginning of April. What opportunities does the Pectra upgrade provide?
The Pectra upgrade in the Ethereum network introduced several much-needed enhancements to this blockchain. Will they save the situation for ETH on the chart?
Ethereum underwent the Pectra upgrade, which among other things increases the staking limit.
However, it is not just the upgrade that can help ETH – it is more about US policy.
Is Ethereum saved?
Recent weeks have been marked by disappointment among ether investors as an investment asset.
ETH has lost value, despite the fact that the fundamentals of Ethereum remained strong. Transaction fees dropped to levels below $1, which increases the utility of the network.
The total value locked in the network (TVL) stands at $53.7 billion. Ethereum also remains the center of the DeFi sector.
Given that it was and is going so well, why is it so bad on the other side? It’s simple. Although the market seeks many complicated explanations, the fate of altcoins is dependent on what the Fed does in terms of monetary policy.
Over the past few years, it has pursued a tightening policy rather than easing, which has hit ETH hard. Additionally, concerns related to US trade policy have emerged. All of this has caused investors to flee from risky assets, including ether.