📈 Ethereum (ETH) Price Update: May 2025

As of May 8, 2025, Ethereum (ETH) is trading at approximately $2,050, marking a significant gain of over 14% in a single day. This surge follows the successful implementation of the Pectra upgrade, Ethereum's most substantial overhaul since the 2022 Merge. The upgrade aims to improve transaction speed and cost efficiency, including enhancements to wallet usability and an increase in the staking cap from 32 to 2,048 ETH per validator.

Despite these advancements, Ethereum has experienced a 45.5% decline year-to-date, underperforming relative to Bitcoin and competitors like Solana. Factors such as high transaction costs and slower speeds compared to rivals have contributed to its underwhelming performance. However, Ethereum remains dominant in supporting smart contracts, with over half of all smart-contract activity and $51.9 trillion in value locked.

Looking ahead, industry experts have varied predictions for Ethereum's price trajectory. Deltec Bank projects a potential rise to $10,000 by the end of 2025, while Standard Chartered Bank forecasts a range of $14,000+. Conversely, more conservative estimates suggest a rise to $6,105.