ETH surges 20%, marking the largest increase since 2021, Bitcoin breaks $100,000, igniting the market!

ETH breaks $2100, Pectra upgrade boosts market confidence

As Bitcoin surpasses $100,000, the price of ETH spikes nearly 20%, reaching the largest increase since 2021, with trading prices exceeding $2100. This surge is attributed to the recent Pectra upgrade of ETH, which has led to a positive market reaction.

Pectra upgrade significantly enhances Ethereum's potential

The Pectra upgrade is the most important reform since the merger in 2022, greatly improving Ethereum's functionality by increasing staking limits and introducing a more efficient account abstraction mechanism. Analysts point out that this change has helped restore market confidence, particularly in ETH's performance relative to Bitcoin.

Bitcoin market recovery drives increased risk appetite

With the explosive growth in Bitcoin prices, market risk appetite has rebounded, prompting investors to turn to higher-yielding altcoins. Analysts expect this trend to further drive the rise of Ethereum and other altcoins.