#ETH🔥🔥🔥🔥🔥🔥
As of May 8, 2025, Ethereum (ETH) is trading at approximately $1,970.27 USD, reflecting a 7.95% increase over the past 24 hours. The day's trading range spans from a low of $1,792.06 to a high of $1,971.82.
This price surge coincides with the recent activation of Ethereum's "Pectra" network upgrade on May 7. The upgrade introduces significant enhancements, including smart account functionality, increased staking limits up to 2,048 ETH, and improved scalability. Additionally, Ethereum's gas limit has been expanded to 60 million, aiming to boost transaction throughput and reduce network congestion.
Market analysts suggest that these developments could propel ETH's price beyond the $2,000 mark, with some projections targeting $2,200 in the near term. However, it's important to note that despite the positive momentum, certain market challenges and the impacts of Layer 2 solutions may influence Ethereum's price trajectory.
For real-time updates and further details, you can refer to platforms like CoinMarketCap or Binance.
