$ETH As of May 9, 2025, Ethereum (ETH) has surged over 20% in the past 24 hours, reaching approximately $2,220. This rally is attributed to the recent Pectra upgrade, which enhanced Ethereum's capabilities and improved staking efficiency, bolstering investor confidence. Additionally, a new U.S.-U.K. trade agreement has contributed to overall market optimism. Despite a $19.3 million net outflow from Fidelity's Ethereum ETF, indicating some institutional caution, the market sentiment remains bullish. Technical indicators suggest potential further upside, with analysts eyeing the $3,000 mark as the next target for Ethereum.$ETH $USTC