Explosive! Ethereum Soars 20%, Pectra Upgrade Ignites Market, Is Bitcoin Breaking 100K Just the Appetizer?

The crypto market suddenly boils! Ethereum (ETH) is in full swing, surging nearly 20% in one day, marking the largest increase since 2021, with trading prices soaring past the $2100 mark, sparking market euphoria.

The trigger? It’s the highly anticipated Pectra upgrade—this is the most significant reform since the 'Merge', involving a substantial increase in staking limits, optimizing wallet features, and bringing along 9 technical upgrades, essentially a major 'surgery' on the chain. The result is a restoration of market confidence, leading to a surge in buying!

Bitcoin is also not to be outdone, breaking the $100,000 mark for the first time in three months, becoming the 'stabilizing force' of the crypto market. Moreover, ETH's performance even surpasses the overall market, successfully 'turning the tables' and fulfilling the logic of catching up.

Previously, ETH had been on a downhill slope relative to BTC, with a drop of up to 40% this year. Now, with confidence restored and funds flowing back, the sentiment for 'buying the dip' is clearly heating up. Analysts point out that ETH's strength usually signals that a comprehensive rebound for altcoins is about to start!

The market sentiment has also shifted—funds are moving from safe havens back to high-beta assets in pursuit of higher returns. An institution has stated: ETH is the bellwether for altcoin recovery, with its surge often indicating the next breakout point in the market.

Moreover, the continuous ETF inflow into BTC has further fueled the momentum, leading Standard Chartered Bank to declare, 'Our target price is too conservative,' believing that $120,000 may just be the beginning, with bullish sentiment in the market soaring.

Is this wave of warming the eve of a bull market? Who will be the first to unlock this 'wealth code'? Don’t blink, the plot is just beginning.